Micron Waste sets record date for 1:2 share rollback
2020-05-06 19:10 ET - News Release
Mr. Kal Malhi reports
MICRON WASTE ANNOUNCES RECORD DATE FOR SHARE CONSOLIDATION
Micron Waste Technologies Inc., further to its news release of April 20, 2020, will complete a consolidation of the authorized and issued common shares of the company on the basis of a one postconsolidated common share for two preconsolidation common shares.
No fractional Common Shares will be issued upon the Consolidation. In the event a holder of Common Shares would otherwise be entitled to receive a fractional Common Share in connection with the Consolidation, the number of Common Shares to be received by such shareholder will be rounded down to the next whole number if that fractional Common Share is less than one half (1/2) of a Common Share, and will be rounded up to the next whole number of Common Shares if that fractional Common Share is equal to or greater than one half (1/2) of a Common Share.
The effective date for the Consolidation is May 12, 2020 and the record date for the Consolidation is May 13, 2020.
The Company advises that the post-consolidation common shares of the Company will trade under the new CUSIP number 59511R207. The Company's name and stock symbol will remain unchanged. Registered shareholders that hold physical share certificates will receive a letter of transmittal requesting that they forward pre-consolidation common share certificates to the Company's transfer agent, Computershare Investor Services Inc., for exchange for new share certificates representing common shares on a post-consolidation basis. Shareholders who hold their shares through a broker or other intermediary and do not have shares registered in their own name will not be required to complete a letter of transmittal.
We seek Safe Harbor.
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