AFT 0.00% 0.1¢ afg 2023-1 trust in respect of series 2023-1

There was a share consolidation approved at the AGM in May 2017....

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    There was a share consolidation approved at the AGM in May 2017. It was then deferred three days later. The conversion was 400:1. I don't know if that deferral can be reversed or not now.

    Here is a copy of the AGM resolution notice.

    "ORDINARY RESOLUTION 4: Authorisation of Conversion of Shares
    The company has over eight and half billion shares on issue and these shares have for some time had a share price at $0.001. There has been minimal trading in the company’s shares and so to create liquidity in the shares it is proposed to convert the number of shares currently on issue to a smaller number without changing the relative size of member’s holdings in the company.
    The Conversion of Shares would occur in the ratio of 400 to 1. As the date of writing being 12th April 2017, there are 8,508,528,009 shares on issue. In the event that no further shares are issued prior to the conversion date then the effect of the conversion would be to reduce the shares on issue 21,271,320.
    Fractional entitlements arising from the conversion will be rounded up or down to the nearest whole number of shares."
 
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