NTG Clarity Announces Share Consolidation

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[{"type":"text","content":"NTG Clarity Announces Share Consolidation\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Toronto, ON / T\n \n \n heNews\n \n \n wire / March 18, 2024 / NTG Clarity Networks Inc. (TSX.V:NCI, OTC:\nNYWKF);\n \n \n NTG Clarity Networks Inc. (the\n“\n \n \n Company\n \n \n ”) announces that it plans to proceed with\n \n \n \n \n a consolidation of its\noutstanding common shares (“\n \n \n Shares\n \n \n ”) on the basis of one (1)\npost-consolidation Share for every five (5) pre-consolidation Shares\n(the “\n \n \n Consolidation\n \n \n ”).\n \n \n \n \n The Consolidation was approved by shareholders at the\nannual and special meeting of shareholders held on July 7, 2023. The\nShares are expected to begin trading on a consolidated basis on the\nTSX Venture Exchange on March 20, 2024.\n \n \n \n \n As a result of the Consolidation, the number of issued\nand outstanding Shares will be reduced from 187,672,355 Shares to\n37,534,471 Shares, subject to treatment of fractional Shares.\n \n \n \n \n Any fractional interest in Shares that is less than 0.5\nof a Share resulting from the Consolidation will be rounded down to\nthe nearest whole Share and any fractional interest in Shares that is\n0.5 or greater of a Share will be rounded up to the nearest whole\nShare.\n \n \n \n \n The new CUSIP number for the post-consolidation Shares\nis 62940V203 and the new ISIN number is CA62940V2030.\n \n \n \n \n Shareholders who hold their Shares in brokerage\naccounts are not required to take any action to affect an exchange of\ntheir Shares.\n \n \n \n \n Registered shareholders will receive a letter of\ntransmittal from Odyssey Trust Company, the Company’s transfer\nagent. The letter of transmittal will contain instructions on how\nregistered shareholders can exchange their share certificates\nrepresenting pre-consolidation Shares for new certificates\nrepresenting post-consolidation Shares. Until surrendered, each share\ncertificate representing pre-consolidation Shares will represent the\nnumber of whole post-consolidation Shares to which the holder is\nentitled as a result of the Consolidation.\n \n \n \n \n About NTG Clarity Networks\nInc.\n \n \n \n \n NTG Clarity Networks’ vision is to be a global leader\nin digital tra...

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