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Genius Properties to undertake 1-for-5 share consolidation

Genius Properties Ltd. said Jan. 20 that it intends to consolidate its current issued and outstanding share capital on a 1-for-5 basis by Feb. 1

The company's current 94,195,410 shares will be reduced to about 18,839,082 shares issued and outstanding, following consolidation.

The shares will start trading on the Canadian Securities Exchange under the same name and ticker symbol effective the same day, while the company's CUSIP and ISIN numbers will change.