Spackman Entertainment completes 1-for-100 share consolidation
Spackman Entertainment Group has completed a 1-for-100 share consolidation effective June 23, 2025, following shareholder approval on April 30, 2025. This consolidation aims to streamline the company's share capital structure, resulting in 18,363,903 consolidated shares. Shareholders with fewer than 100 shares will no longer be considered shareholders. Consolidated shares will be traded in board lots of 100 on the SGX-ST, with odd lots available for trading on the Unit Share Market, though this may incur higher transaction costs.
It aims to streamline the company’s share capital structure.
Spackman Entertainment Group has completed its proposed share consolidation, converting every 100 existing shares into one consolidated share, effective from 9.00 a.m. on 23 June 2025.
The move, which was approved by shareholders at an extraordinary general meeting held on 30 April 2025, is intended to streamline the company’s share capital structure.
As of the consolidation effective date, the company’s issued share capital stands at S$100,491,806.31, comprising 18,363,903 consolidated shares, excluding 1,128,345 treasury shares. There are no subsidiary holdings.
Under the new arrangement, all shares have been consolidated on a 100-to-1 basis. Fractional entitlements have been disregarded and rounded down to the nearest whole share.
As a result, shareholders holding fewer than 100 shares as of the record date are no longer considered shareholders following the consolidation.
Each consolidated share ranks pari passu with all others and will be traded in board lots of 100 on the SGX-ST.
Shareholders who have received odd lots (fewer than 100 consolidated shares) may trade them on the SGX-ST Unit Share Market, which permits transactions in quantities below one board lot.
However, Spackman notes that trading of such odd lots may be subject to lower liquidity and shareholders may incur disproportionate transaction costs.
The company recommends that shareholders who wish to trade their consolidated shares on the Unit Share Market seek advice from their bank manager, stockbroker, solicitor, accountant, tax adviser, or other professional advisers.
