Eros STX全球董事会批准20股1股反向拆分

04:43 PM EST, 01/28/2022 (MT Newswires) -- Eros STX Global (ESGC) said late Friday its board approved a 1-for-20 reverse split of its issued and outstanding A and B ordinary shares, effective Feb. 7.

The entertainment company said it expects the planned split to boost the market price of its A ordinary shares, a requirement to regain compliance with the NYSE's minimum trading price criteria for continued listing.

The split will lower the number of A ordinary shares to 17.9 million from 357.3 million, while the number of B ordinary shares will be reduced to 1.1 million from 21.7 million.