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Datametrex CEO says share rollback "not on our agenda"
2024-02-26 11:57 ET - News Release
Mr. Charles Park reports
DATAMETREX RULES OUT REVERSE STOCK SPLIT
Datametrex AI Ltd. has no plans to implement a reverse stock split (also known as a share consolidation), in response to investor inquiries. This clarification comes as part of the company's continuing commitment to transparent and strategic decision-making in the best interests of its shareholders and the company's long-term objectives.
In keeping with corporate governance practices, Datametrex reaffirms that any future consideration of a reverse stock split would be subject to a special resolution, necessitating approval from shareholders at the annual general meeting (AGM) with at least a two-thirds approval.
Charles Park, chief executive officer of Datametrex, addressed the matter, stating: "We want to assure our investors that a reverse stock split is not on our agenda this year. Our focus remains steadfast on pursuing growth and enhancing shareholder value. Any significant future corporate actions will be communicated clearly and involve our shareholders, as they are integral to our decision-making process.