Chill Brands Group PLC (LSE:CHLL), a brand commercialisation company, has called two general meetings for 13 May to clear a backlog of shareholder business and vote on a share capital reorganisation.
The restructure would consolidate every 10 existing shares of 1 pence each into one share, before subdividing that into a new ordinary share of 0.1 pence and a worthless deferred share.
The move is designed to allow the company to issue new shares at market price.