Diginex Limited corrects its August 18 press release, announcing an 8-for-1 stock split as bonus shares for shareholders.
Quiver AI Summary
Diginex Limited announced corrections to a previous press release regarding an eight-for-one stock split paid as bonus shares. The company's board of directors has approved this split, which will provide shareholders with seven additional shares for each share they hold as of the record date, September 5, 2025. The bonus shares are set to be distributed on September 8, 2025, with the aim of increasing market liquidity and accessibility for investors. The company's share capital remains unchanged, and no action is required from shareholders, as those with brokerage accounts will see automatic adjustments. Diginex, based in London, focuses on sustainable regulatory technology, leveraging blockchain and AI to enhance corporate reporting and transparency in environmental, social, and governance (ESG) practices.
Potential Positives
- Diginex announced an eight-for-one forward stock split to be paid as bonus shares, which is expected to enhance liquidity in the market for the company's ordinary shares.
- Each shareholder will receive 7 bonus ordinary shares for every one ordinary share held, increasing accessibility for investors.
- The stock split does not require any action from shareholders, simplifying the process for current investors.
Potential Negatives
- The need to issue a correction to the press release headline and first paragraph may indicate internal communication or oversight issues, which could raise concerns about the company's operational effectiveness.
- The announcement of a stock split as a bonus may be perceived negatively as a sign that the company is struggling to maintain its share price, potentially undermining investor confidence.
FAQ
What is the stock split announced by Diginex?
Diginex announced an eight-for-one forward stock split, providing shareholders with 7 bonus shares for every ordinary share held.
When is the record date for the stock split?
The record date for the stock split is September 5, 2025.
When will the bonus shares be distributed?
The bonus shares are expected to be distributed on September 8, 2025.
Do shareholders need to take action for the stock split?
No action is required by shareholders; bonus shares will be automatically adjusted for those holding shares through a brokerage.
What is the purpose of the share bonus?
The share bonus aims to enhance market liquidity and make ordinary shares more accessible to investors.
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
Diginex Limited (Nasdaq: DGNX) (the “Company”), announced today corrections to the headline and first paragraph of its press release sent out on August 18, 2025. The corrected release follows:
Diginex Announces 8 to 1 Stock-split paid as Bonus Shares
LONDON, Aug. 25, 2025 (GLOBE NEWSWIRE) -- Diginex Limited (Nasdaq: DGNX) (the “Company”), announces that its board of directors approved an eight-for-one forward stock split to be paid in the form of a share bonus. Each shareholder of the Company of record at the close of business on September 5, 2025 will receive 7 bonus ordinary shares for every one ordinary share held on the record date. The Company expects the bonus shares will be distributed on September 8, 2025.
The share bonus is intended to enhance liquidity in the market for the Company’s ordinary shares and make the ordinary shares more accessible to investors.
Following the distribution of the share bonus, the Company’s issued and outstanding shares will be increased at the ratio of the share bonus and the Company’s authorized share capital and the share par value will remain unchanged. There will be no change to the ordinary shares CUSIP number or trading symbol.
No action is required by shareholders. Shareholders who hold their shares through a brokerage account will have their shares automatically adjusted to reflect the additional share award. Registered shareholders will receive their additional shares through the Company’s transfer agent.
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 19 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
Email:
[email protected]
IR Contact - US
Jackson Lin
Lambert by LLYC
Phone: +1 (646) 717-4593
Email:
[email protected]
IR Contact - Asia
Shelly Cheng
Strategic Financial Relations Ltd.
Phone: +852 2864 4857
Email:
[email protected]
