IPS Securex

IPS Securex is proposing a share split of every one existing share held by shareholders into two shares. Following the completion of the proposed share split, an additional 81m shares will be allotted and issued, and the group will have an issued and paid-up share capital of ~$9.4m comprising 162m shares. The group guides that demand for its shares appear to be strong as seen from trading patterns in the past few months, and believe that the proposed share split will increase the market liquidity of its shares and provide greater affordability and accessibility for those who wish to participate in the equity of the company. The proposed share split is subject to approval from shareholders at an EGM and additional details of the proposed share split and the EGM will be distributed to shareholders via a circular in due course.