FINWIRES · TerminalLIVE
FINWIRES

Metro Mining Secures Shareholder Approval for 20-for-1 Share Consolidation

-- Metro Mining (ASX:MMI) received shareholder approval for a 20-for-1 share consolidation, effective Wednesday, according to a Thursday Australian bourse filing.

The company currently has 6.14 billion issued shares, and it has stated that all existing performance rights will also be consolidated at the same ratio, with every 20 performance rights being combined into one, per the filing.

Post-consolidation trading is scheduled to start on May 5 on a normal basis, with settlement of on-market trades starting on May 7, the filing added.

The company's shares fell around 2% in recent Thursday trade.

Related Articles

Commodities

Kindle Energy Breaks Ground on West Virginia Power Plant, Says Blackstone

Kindle Energy officially broke ground on Wolf Summit Energy, a 600-megawatt greenfield combined-cycle gas turbine facility located in Harrison County, West Virginia, Blackstone (BX) said on Wednesday.Backed by funds from Blackstone Energy Transition Partners, the project brings the first-ever combined-cycle natural gas power plant to the state, it said.The facility aims to provide efficient and reliable power to meet the expanding energy demands of the Old Dominion Electric Cooperative.By integrating this 600-megawatt capacity into the grid, Kindle Energy and Blackstone intend to support long-term energy security and economic growth across West Virginia.Price: $125.40, Change: $-4.36, Percent Change: -3.36%

$BX
Australia

TowneBank Declares One-Time Special Dividend After Closing Sale of Resort Property Management Business

TowneBank (TOWN) has declared a one-time special dividend of $0.70 per common share, payable May 20 to shareholders of record on May 4, the company said Thursday.The special dividend was declared after TowneBank's $250 million sale of its Resort Property Management business closed on April 3, according to a statement.The total dividend payout of roughly $65 million is about 32% of the estimated $203 million gain from the sale, before taxes and deal costs, the company said.Price: $34.55, Change: $-0.90, Percent Change: -2.54%

$TOWN
Australia

UBS Adjusts Price Target on Amazon.com to $304 From $301, Maintains Buy Rating

Amazon.com (AMZN) has an average rating of buy and mean price target of $282.25, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $255.53, Change: $+0.16, Percent Change: +0.06%

$AMZN