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KMD Brands Completes 25-for-1 Share Consolidation

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KMD Brands (ASX:KMD, NZE:KMD) said its 25-for-1 share consolidation, which took effect on Wednesday, has now been completed, according to a Thursday filing with the Australian and New Zealand bourses.

The company now has a total issued capital of about 72 million shares following the consolidation, per the filing.

The shares began trading on the New Zealand Exchange on a normal settlement basis following the consolidation, while on the Australian Securities Exchange they are initially trading under the deferred settlement code "KMDDA" on Thursday, with normal settlement trading under the code "KMD" expected to begin on Friday, the filing added.

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