{"id":5990,"date":"2024-09-17T16:35:53","date_gmt":"2024-09-17T14:35:53","guid":{"rendered":"https:\/\/nordic-issuing.se\/?p=5990"},"modified":"2025-02-26T16:49:42","modified_gmt":"2025-02-26T15:49:42","slug":"changes-in-euroclears-regulations-affect-the-ability-to-carry-out-a-reverse-stock-split","status":"publish","type":"post","link":"https:\/\/nordic-issuing.se\/en\/changes-in-euroclears-regulations-affect-the-ability-to-carry-out-a-reverse-stock-split\/","title":{"rendered":"Changes in Euroclear&#8217;s regulations affect the ability to carry out a reverse stock split"},"content":{"rendered":"<p>For companies listed on an MTF platform (i.e., First North, Spotlight, or NGM Nordic SME), it is time to consider conducting a reverse stock split (so-called consolidation of shares) during the fall of 2024.<\/p>\n<p>The possibility to execute such a split will, in principle, disappear entirely after the turn of the year. (Read more about it here: <a href=\"https:\/\/setterwalls.se\/artikel\/minskade-mojligheter-till-omvand-split-av-aktier-som-foljd-av-andringar-i-euroclears-regelverk\/\">https:\/\/setterwalls.se\/artikel\/minskade-mojligheter-till-omvand-split-av-aktier-som-foljd-av-andringar-i-euroclears-regelverk\/<\/a>\u00a0)<\/p>\n<p>A consolidation of shares may be advantageous for companies with a low stock price that includes many decimal places, and therefore a large number of outstanding shares. By consolidating the shares, a more appropriate share price can be achieved, and trading may be facilitated.<\/p>\n<p><strong>Some advantages of carrying out a reverse stock split\/consolidation of shares:<\/strong><\/p>\n<ul>\n<li>It can facilitate trading in the stock (some banks cannot place orders with stock prices that have more than three decimal places)<\/li>\n<li>The marketplace has certain requirements (the stock price cannot be too low)<\/li>\n<li>In rights issues, the price cannot have more than two decimal places in Euroclear<\/li>\n<\/ul>\n<p><strong>The process, in short, is as follows:<\/strong><\/p>\n<ul>\n<li>Nordic Issuing coordinates the timeline and the number of guarantee shares needed for rounding up<\/li>\n<li>The company convenes a general meeting to decide on the consolidation of shares<\/li>\n<li>Registration of the meeting&#8217;s decision at the Swedish Companies Registration Office<\/li>\n<li>Once the registration is completed, Nordic Issuing ensures that the shares are consolidated in Euroclear<\/li>\n<\/ul>\n<p>Want to know more? Don\u2019t hesitate to contact Nordic Issuing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For companies listed on an MTF platform (i.e., First North, Spotlight, or NGM Nordic SME), it is time to consider conducting a reverse stock split (so-called consolidation of shares) during the fall of 2024. The possibility to execute such a split will, in principle, disappear entirely after the turn of the year. (Read more about [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":5889,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-5990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Changes in Euroclear&#039;s regulations affect the ability to carry out a reverse stock split | Nordic Issuing<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Changes in Euroclear&#039;s regulations affect the ability to carry out a reverse stock split | Nordic Issuing\" \/>\n<meta property=\"og:description\" content=\"For companies listed on an MTF platform (i.e., First North, Spotlight, or NGM Nordic SME), it is time to consider conducting a reverse stock split (so-called consolidation of shares) during the fall of 2024. 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