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Evolve Education Group Limited (NZX: EVO) Further Information Regarding Share Consolidation

Tuesday 8th December 2020

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Following the announcement on 30 November 2020, Evolve Education Group Limited advises that the timetable for its share consolidation has been updated to reflect discussions with the ASX, NZX and Evolve’s share registrar since that date. As a result of these changes, trading is expected to be halted for a two day trading day period, with the last day for trading in pre-consolidation shares now Monday 14 December 2020.

Every 8 shares held in Evolve on 16 December 2020 will be consolidated into 1 share, with all fractional entitlements rounded to the nearest whole number of shares (and a fractional entitlement to half a share being rounded up). As a result of the consolidation, the number of shares on issue in Evolve will be reduced from 1,118,603,993 to approximately 139,825,499 shares.

Shareholders will receive a statement from Evolve’s share registrar, Link Market Services, a few days after the effective date of the consolidation notifying them of their new shareholding. Pre-consolidation holdings in the same name will be aggregated for calculation of entitlements and Evolve reserves the right to aggregate holdings held by associated shareholders where it considers that holdings have been split in order to take advantage of rounding.

The Corporate Action Notice filed alongside this announcement replaces Evolve’s earlier notice of 30 November 2020 regarding the share consolidation.

See the links below for more details:

Further information on share consolidation

Corporate action notice

Source: Evolve Education Group Limited

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