Alcidion Group Limited (ASX:ALC) has confirmed that shareholders approved the consolidation of its ordinary fully paid shares and performance rights on 12 November 2026, with every 10 pre-consolidation securities to be consolidated into one post-consolidation security, reducing ordinary shares on issue from 1,349,805,153 to 134,980,515.

Key Points

  • Shareholder approval for the security consolidation was received on 12 November 2026, the date of the security holder meeting.
  • The consolidation ratio is 10 pre-consolidation securities into 1 post-consolidation security, applicable to both ordinary fully paid shares (ALC) and performance rights (ALCAU).
  • Ordinary fully paid shares will reduce from 1,349,805,153 to 134,980,515; performance rights will reduce from 26,698,244 to 2,669,824.
  • Trading in post-consolidation securities commences on a deferred settlement basis on 16 November 2026, with normal T+2 trading starting on 25 November 2026.
  • Fractional entitlements arising from the consolidation will be rounded up to the next whole number.

Shareholder Approval and Consolidation Timetable

The filing, dated 12 November 2026, is an update to a previous notification lodged on 9 October 2026 in conjunction with the Notice of Annual General Meeting. The update confirms that security holder approval — the required condition for the consolidation to proceed — was received on 12 November 2026, being the actual date of the security holder meeting. The effective date of the consolidation is also recorded as 12 November 2026. The last day for trading in pre-consolidation securities is 13 November 2026, with the record date set for 17 November 2026.

Securities Affected and Post-Consolidation Numbers

Two classes of securities are affected by the consolidation. Alcidion's quoted ordinary fully paid shares, trading under the code ALC, will be reduced from 1,349,805,153 securities to an estimated 134,980,515 securities. The company's unquoted performance rights, listed under the code ALCAU, will be reduced from 26,698,244 to an estimated 2,669,824. The exercise price of the ALCAU performance rights is disclosed as AUD $0.00000000 both before and after the consolidation. Fractions arising from the consolidation will be rounded up to the next whole number.

Post-Consolidation Register Update and Settlement Dates

According to the filing, Alcidion has until 24 November 2026 to update its register and send holding statements to security holders reflecting the change in the number of securities held, and to notify ASX that this process has been completed. The first day for the entity to update its register and dispatch holding statements is 18 November 2026. Normal T+2 trading is scheduled to commence on 25 November 2026, with first settlement of trades conducted on both a deferred settlement basis and a normal T+2 basis occurring on 27 November 2026.