• Metgasco Ltd to consolidate all securities on a 50:1 basis
• Consolidation to take effect from November 26, 2025
• Shareholders to vote on the consolidation at a meeting on November 26, 2025

Metgasco Ltd (ASX: MEL) has announced a consolidation of all its securities on a 50:1 basis. The consolidation will affect the company's ordinary fully paid shares (ASX: MEL) as well as its listed options (ASX: MELAI, MELAH, MELAR, MELAJ). The consolidation is subject to shareholder approval at a meeting scheduled for November 26, 2025. If approved, the consolidation will take effect on the same date, with the last day of trading in the pre-consolidated securities being November 27, 2025. Trading in the post-consolidated securities will commence on a deferred settlement basis from November 28, 2025, with the record date set for December 1, 2025. The company will update its register and send holding statements to shareholders by December 8, 2025, with normal T+2 trading commencing on December 9, 2025. The consolidation will reduce the total number of ordinary shares on issue from 1,837,086,744 to 36,741,735, and will also adjust the exercise prices of the listed options accordingly.