trending Market Intelligence /marketintelligence/en/news-insights/trending/KcSc8NeZBT8UbkTuVYYHtQ2 content esgSubNav
In This List

Bellus Health to undertake 1-for-3.6 share consolidation

Blog

Commercial Banking: June 22nd Edition

Blog

Understanding Loss Given Default A Review of Three Approaches

Blog

Commercial Banking Newsletter June Edition - 2022

Blog

Insight Weekly: US recession outlook; mortgage activity slowdown; climate disclosure push


Bellus Health to undertake 1-for-3.6 share consolidation

Bellus Health Inc. will consolidate its common shares on a 1-for-3.6 basis, effective Aug. 19.

The move will reduce the company's outstanding common shares from about 159.1 million to about 44.2 million.

The Quebec-based biopharmaceutical company expects trading in its post-consolidated shares to begin by Aug. 19 on the Toronto Stock Exchange under existing ticker BLU.

No fractional common shares will be issued in connection with the consolidation that was approved by the company's shareholders May 8.

Bellus Health's transfer agent, Computershare Investor Services, would act as the exchange agent for the consolidation.