Enova Mining Limited (ASX:ENV) has filed an update to its previously announced security consolidation, amending the consolidation ratio to 25-to-1, meaning every 25 pre-consolidation securities will be consolidated into one post-consolidation security, according to a filing dated 4 November 2026.

Key Points

  • Consolidation ratio amended to 25-to-1, updating a previous announcement dated 14 October 2026
  • Seven security classes are affected, including ordinary fully paid shares (ENV), deferred ordinary shares (ENVN), and five option series
  • Ordinary fully paid shares (ENV) will reduce from 2,277,609,166 pre-consolidation to 91,104,366 post-consolidation
  • Security holder approval is required, with the shareholder meeting scheduled for 13 November 2026
  • Trading in post-consolidation securities on a normal T+2 basis is scheduled to commence 4 December 2026

Amended Consolidation Ratio and Affected Securities

The filing states the consolidation ratio has been amended so that every 25 pre-consolidation securities will be consolidated into one post-consolidation security, with fractions rounded down to the nearest whole number or disregarded. Seven security classes are affected: ordinary fully paid shares (ENV), ordinary fully paid deferred shares (ENVN), and five option series — ENVAA, ENVAE, ENVAD, ENVAC, and ENVO. The update amends a previous notification filed on 14 October 2026.

Securities on Issue Before and After Consolidation

According to the filing, ENV ordinary fully paid shares will move from 2,277,609,166 to 91,104,366. ENVN ordinary fully paid deferred shares will reduce from 495,200,000 to 19,808,000. ENVO options expiring 29 December 2028 will move from 1,080,785,711 to 43,231,428. ENVAC options expiring 14 June 2028 will reduce from 55,000,000 to 2,200,000. ENVAE options expiring 31 July 2027 will move from 44,666,667 to 1,786,666. ENVAD options expiring 16 April 2029 will reduce from 30,000,000 to 1,200,000, and ENVAA options will reduce from 40,000,000 to 1,600,000.

Consolidation Timetable

The filing sets out the following timetable: the security holder meeting is scheduled for 13 November 2026, with the effective date of the consolidation on 23 November 2026. The last day for trading in pre-consolidation securities is 24 November 2026, with post-consolidation securities trading on a deferred settlement basis commencing 25 November 2026. The record date is 26 November 2026. The last day for the entity to update its register and send holding statements is 3 December 2026, with normal T+2 trading commencing 4 December 2026 and first settlement of deferred and T+2 trades on 8 December 2026.