Diginex Limited plans an 8-for-1 forward stock split, pending shareholder approval at a meeting on July 29, 2025.
Quiver AI Summary
Diginex Limited announced that its Board of Directors has recommended an eight-for-one forward stock split, with a vote set for July 29, 2025, during an extraordinary general meeting for shareholders of record by July 3, 2025. If approved, the forward stock split will take effect on August 1, 2025, decreasing the par value of both ordinary and preferred shares while increasing their quantity. The move aims to enhance shareholder accessibility and liquidity, aligning with Diginex's strategic goals to broaden its investor base and support long-term growth, according to Chairman and Founder Miles Pelham. The company emphasizes that the split will not change the total value of investors' holdings. Shareholders have been provided with details on the voting process, and further information is available on Diginex's website.
Potential Positives
- The Board's resolution to recommend an eight-for-one forward stock split is aimed at enhancing shareholder accessibility and liquidity.
- The forward stock split is strategically designed to broaden Diginex's investor base, supporting the company's long-term growth objectives.
- This move reflects a commitment to maintaining the company's market capitalization while making shares more accessible to a wider range of investors.
Potential Negatives
- The forward stock split could be interpreted as a need to make shares more accessible due to lower investor interest or share price performance.
- The company's market capitalization remains unchanged despite the split, which may raise concerns about underlying financial performance and growth prospects.
- There is no cash-in-lieu for fractional shares, which could deter small investors who prefer liquidity options.
FAQ
What is the purpose of Diginex's forward stock split?
The forward stock split aims to make Diginex’s shares more accessible to a wider range of investors.
When will the extraordinary general meeting be held?
The extraordinary general meeting will take place on July 29, 2025.
What happens to shareholders' shares after the split?
Each ordinary and preferred share will be subdivided into eight new shares, maintaining total value.
What is the Record Date for the shareholder vote?
The Record Date for the shareholder vote is July 3, 2025.
Where can shareholders find information about the meeting?
Shareholders can review details at www.sec.gov in the Company’s Form 6-K or at https://www.cstproxy.com/diginex/2025.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
LONDON, July 07, 2025 (GLOBE NEWSWIRE) -- Diginex Limited (“Diginex” or the “Company”) (NASDAQ: DGNX), a leading provider of Sustainability RegTech solutions, today announced that on July 1, 2025 the Diginex Board of Directors (the “Board”) adopted resolutions recommending that its shareholders approve an eight-for-one (8:1) forward stock split.
The Board has scheduled an extraordinary general meeting of its shareholders to be held on July 29, 2025 (the “EGM”) for shareholders of record as of July 3, 2025 (the “Record Date”) to vote on the forward stock split and the filing of a second amended and restated memorandum and articles of association (the “Proposals”). Should the Proposals be approved by shareholders the forward stock split will be effective from August 1, 2025.
Should the Proposals be approved at the EGM, (i) each ordinary share of US$0.00005 par value shall be subdivided into eight (8) ordinary shares of US$0.00000625 par value each; (ii) each preferred share of US$0.00005 par value shall be subdivided into eight (8) preferred shares of US$0.00000625 par value each; and (iii) the authorized share capital of the Company shall become US$50,000 divided into 7,680,000,000 ordinary shares of par value US$0.00000625 each and 320,000,000 preferred shares of par value US$0.00000625 each. Any fractional shares, as a result of the forward stock split, will be rounded up. There will be no cash in lieu shares payments.
The forward stock split is intended to make Diginex’s shares more accessible to a wider range of investors while maintaining the company’s market capitalization.
“We are pleased to propose this forward stock split, which reflects our commitment to enhancing shareholder accessibility and liquidity,” said Miles Pelham, Chairman and Founder of Diginex. “This move aligns with our strategic goals to broaden our investor base and support the long-term growth of our business.”
The forward stock split will not affect the total value of an investor’s holdings of Diginex shares at the time of the forward split. The Notice of the Extraordinary General Meeting, Proxy Statement and Proxy Card has been mailed on or about July 7, 2025, to all shareholders of the Company as of the Record Date. Shareholders can review copies the Notice of the Extraordinary General Meeting, Proxy Statement and Proxy Card at www.sec.gov in the Company’s Form 6-K and at https://www.cstproxy.com/diginex/2025 .
About Diginex
Diginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex’s products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software.
The award-winning diginexESG platform supports 17 global frameworks, including GRI (the “Global Reporting Initiative”), SASB (the “Sustainability Accounting Standards Board”), and TCFD (the “Task Force on Climate-related Financial Disclosures”). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service.
For more information, please visit the Company’s website:
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company's filings with the SEC.
Diginex
Investor Relations
Email:
[email protected]
IR Contact - Europe
Anna Höffken
Phone: +49.40.609186.0
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IR Contact - US
Jackson Lin
Lambert by LLYC
Phone: +1 (646) 717-4593
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IR Contact - Asia
Shelly Cheng
Strategic Financial Relations Ltd.
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Email:
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