MFC Bancorp Ltd. Provides Update On Corporate Actions
MFC BANCORP LTD (MFCB)
US:NYSE Investor Relations:
mfcbancorpltd.com/investors/overview/default.aspx
Company Research
Source: PR Newswire
HONG KONG, May 31, 2019 /PRNewswire/ -- MFC Bancorp Ltd. (the "Company" or "MFC") (NYSE: MFCB) announces that, at its extraordinary general meeting of shareholders held today, the Company's shareholders approved its previously announced share consolidation and subsequent forward split. As a result, effective at the close of business on June 3, 2019, the Company will complete a share consolidation (the "Consolidation") of the issued and outstanding common shares of the Company on a 25 to 1 basis followed by a subsequent share split of the post-consolidation common shares on a 1 to 25 basis (the "Consolidation / Split"). No fractional interests will be issued as a result of the Consolidation. Accordingly, accounts with less than 25 common shares immediately prior to the Consolidation ("Fractional Holders) will not receive any resulting fractional share interests resulting therefrom. As soon as reasonably practicable after the Consolidation, the Company's transfer agent, Computershare, w
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