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OKYO PHARMA LIMITED ADS Program collapse - Commencement of trading of new ordinary shares on The Nasdaq Capital Market LONDON and

Friday, May 19, 2023 1 min read
Key Takeaway: OKYO Pharma Limited has announced the commencement of trading for new ordinary shares on The Nasdaq Capital Market starting May 22, 2023. This follows the company's decision to collapse its American Depositary Share (ADS) program and a 65 into 1 reverse split of its ordinary shares. Shareholders approved this consolidation to align with the existing ADS ratio. The new ordinary shares will directly correlate to the previous share structure.

Market Sentiment Analysis

POSITIVE FACTORS

  • New ordinary shares will commence trading on Nasdaq.
  • The consolidation of shares may streamline equity structure.

CONCERNS & RISKS

  • Collapse of the ADS program indicates potential operational issues.
  • Delisting from the London Stock Exchange could reduce market visibility.

Full Press Release Details

ADS Program collapse - Commencement of trading of new ordinary
shares on The Nasdaq Capital Market
LONDON and NEW YORK,
May 19, 2023 - OKYO Pharma Limited (LSE: OKYO; NASDAQ: OKYO) hereby announces that following the implementation of the share
capital consolidation and collapse of its ADS program, it is expected that new OKYO ordinary shares will be listed on The Nasdaq Capital
Market with effect from the opening of business in New York on Monday May, 22, 2023.
OKYO has been listed on The Nasdaq Capital Market via an ADS
since May 17 2022. OYKO announced its intention to delist from the London Stock Exchange plc on April 2, 2023 and on May 3, 2023 shareholders
passed the necessary resolutions to consolidate its existing ordinary shares by a 65 into 1 reverse split (thereby matching the current
ADS ratio of 65 ordinary shares comprised in each ADS). Each new OKYO ordinary share will accordingly represent 65 of the old ordinary
shares and be equal to one ADS.
The CUSIP for the new OKYO ordinary shares is G6724L116 and
the ISIN is GG00BMFG5F62.

Frequently Asked Questions

What is the new trading commencement date for OKYO shares?

New OKYO ordinary shares will start trading on May 22, 2023.

What shares will OKYO's new ordinary shares replace?

The new ordinary shares will replace the existing shares after consolidation.

What is the ratio for the reverse split of OKYO shares?

The reverse split ratio for OKYO shares is 65 into 1.

When did OKYO announce its delisting from the London Stock Exchange?

OKYO announced its delisting intentions on April 2, 2023.

What are the CUSIP and ISIN for new OKYO ordinary shares?

CUSIP is G6724L116 and ISIN is GG00BMFG5F62 for new OKYO shares.

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Last updated: May 19, 2023