A meliuz (CASH3) proposed the grouping of shares in a ratio of one to 100, according to a document sent to the market this Monday (27).
In addition, the company also intends to split one share to 10. The changes need the approval of the board of directors.
According to the company, the operation aims to:
- adjust the shareholder base, which is currently made up of a large number of shareholders with holdings below the standard allotment of 100 shares, with a view to generating efficiency in the bookkeeping system and promoting savings in operating and administrative costs;
- enable an adjustment in the quotation of shares issued by the company, making the price per share more attractive to a greater number of investors.
“The proposed operations, if approved, applied to all the company’s shareholders, will not result in a change in the value of the company’s capital stock, as well as the rights conferred by the shares issued by the Company to their holders will not be modified”, he says.
Bad moment in the stock market for Méliuz
A meliuz does not live its best days on the stock market. Since going public, the stock has dropped 37%. The paper was once worth R$ 11 and today it is traded at R$ 1 amid the damage caused by the high interest rates on tech papers.
In the fourth quarter, the company reported a consolidated net loss of R$5.4 million.
The number represents an improvement over the negative result of BRL 29.7 million released in the same period of 2021.
According to analysts of USB BBthe positive highlight for the company is the strategic alliance with Banco Votorantim (BV)announced in December and whose terms were discussed last week.
The updates to the agreement were: the signing of a commercial agreement to offer financial products and services; the acquisition of a minority stake in meliuz by BV CVC; change in the number of members of the board of directors; advances on the sale of Bankly, which must take place by March 30; and approval of amendments to the Méliuz’s Bylaws.
To the Genial Investimentosthe strategic alliance reinforces the investment thesis in Méliuz for the long term.
Source: Moneytimes
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