Capital B plans reverse stock split

• Capital B plans a reverse stock split.
• The company said the move aims to attract a wider range of investors.
• Shareholders will vote on the proposal before it takes effect.

Capital B plans to carry out a reverse stock split as part of its strategy to broaden its investor base.

The company said the proposal is intended to increase its share price and make the stock more attractive to institutional investors and other market participants.

"The reverse stock split is intended to support our long-term capital markets strategy," the company said.

A reverse stock split reduces the number of shares on issue while increasing the price of each remaining share by the same ratio.

The company said the proposal requires shareholder approval before it can be implemented.

Capital B stated that the reverse stock split would not change the company's overall market value or shareholders' proportional ownership, except for adjustments related to fractional shares.

The proposal reflects a common approach used by listed companies seeking to meet exchange requirements or appeal to a broader range of investors.