Sep 12, 2013 - Biodiesel maker Australian Renewable Fuels Ltd (ASX:ARW), or ARF, said on Tuesday it had wrapped up the 1-for-100 reverse share split plan unveiled in July.
Under the scheme, approved by shareholders in August, the firm converted every 100 fully paid ordinary shares into one ordinary share.
Following the transaction, the number of ARF shares on issue fell to some 42 million from 4.2 billion previously. Normal trading of AFR’s shares was initiated on September 11.
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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.