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Alchemia completes 1-for-20 share consolidation

Alchemia Ltd. said it completed a 1-for-20 consolidation of its ordinary shares.

The total number of Alchemia ordinary shares on issue was reduced to 16,234,845 shares from 324,723,621 shares before consolidation.

The Australia-based company resolved fractional shares as a result of the consolidation by rounding the fraction down to the nearest whole number of shares.

The consolidation will take effect from Sept. 27.