Core Viewpoint - Westbridge Renewable Energy Corp. is consolidating its common shares on a 1-for-4 basis to enhance institutional investor participation and improve trading liquidity, effective August 22, 2025 [1][5]. Share Consolidation Details - The consolidation will reduce the number of outstanding shares from approximately 101,149,851 to about 25,287,462 [2]. - No fractional shares will be issued; any fractional interests will be rounded down to the nearest whole number [4]. Shareholder Instructions - Registered shareholders will receive letters of transmittal and must send their pre-consolidation share certificates to Computershare Trust Company of Canada to receive post-consolidation shares [3]. Strategic Rationale - The consolidation is aimed at positioning the company for broader institutional investor participation and supporting its long-term capital markets strategy [5]. Company Overview - Westbridge Renewable Energy focuses on developing utility-scale solar PV projects and battery energy storage systems, with a portfolio in Canada, the U.S., the U.K., and Italy [6]. - The company aims to deliver sustainable electricity and energy storage solutions to meet increasing energy demand and enhance grid reliability [6].
Westbridge Renewable Energy Announces Share Consolidation Effective Date
Prnewswireยท2025-08-19 21:00