Eastman(US:EMN) Newsfile·2025-03-31 01:18Core Viewpoint - Euro Manganese Inc. is consolidating its common shares at a ratio of five pre-consolidation shares to one post-consolidation share, effective March 31, 2025, with trading on a post-consolidation basis commencing on April 2, 2025, for TSXV and April 3, 2025, for ASX [1] Share Consolidation Details - The consolidation will not result in fractional shares; any fractional shares will be rounded up or down based on specific criteria [2] - Registered shareholders will receive letters of transmittal with instructions for exchanging share certificates [3] - Non-registered shareholders should consult their intermediaries for specific procedures regarding the consolidation [5] Pre- and Post-Consolidation Share Structure - Prior to consolidation, the company had 402,669,227 common shares outstanding, which will reduce to 80,533,845 shares post-consolidation [6] - The number of options will also be adjusted from 21,426,989 to 4,285,398, with exercise prices adjusted accordingly [9][8] Company Overview - Euro Manganese is focused on producing high-purity manganese for the electric vehicle industry, advancing the Chvaletice Manganese Project in the Czech Republic [10] - The Chvaletice Project involves recycling old mine tailings and is the only significant manganese resource in the European Union, positioning the company strategically in the battery supply chain [11]