Ann: Notice of Annual General Meeting/Proxy Form, page-3

This timing is good !. The company proposes 10:1 consolidation of IMM. No longer a penny dreadful I guess..

It is with these upcoming significant catalysts in mind, and the activity they may precipitate, that the Company has decided to address its capital structure through a share consolidation. We believe a consolidation will help to make investing in Immutep’s shares more attractive to a broader range of institutional and professional investors.Immutep is seeking the support of its shareholders to vote in favour of the proposed share consolidation (Resolution 8 in the Notice of Annual General Meeting) which will rationalise the share capital of the Company by reducing the number of shares issued and outstanding, on the basis of 1 share for every 10 shares held.In tandem with the consolidation, we will change the ratio of our NASDAQ-listed American Depositary Shares (ADS) from 100 ordinary shares being represented by 1 American Depositary Share, to 10 ordinary shares being represented by 1 American Depositary Share. We do not expect the ratio change to cause a change in the ADS price.