Amplitude Energy Limited Announces 11:1 Share Consolidation
Key points
- Shareholders to vote on 11:1 share consolidation at 2025 AGM
- Consolidation to reduce issued shares from 3.2 billion to 290.7 million
- Consolidation to improve trading liquidity and capital structure
Full summary
Amplitude Energy Limited (ASX: AEL) has announced a proposed 11:1 share consolidation, which will be subject to shareholder approval at the company's 2025 Annual General Meeting scheduled for 6 November 2025. If approved, the consolidation will reduce the total number of issued ordinary shares from approximately 3.2 billion to 290.7 million. The company's share appreciation rights and performance rights will also be consolidated on the same 11:1 basis. The consolidation is intended to improve the company's trading liquidity and capital structure, making the shares more attractive to a broader range of investors. The record date for the consolidation is set for 12 November 2025, with trading in the post-consolidation shares commencing on a deferred settlement basis from 11 November 2025. The company expects the consolidation process to be completed by 19 November 2025, with normal T+2 trading to commence on 20 November 2025.
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