SOFTMEDX (00648) plans to conduct a "20 for 1" stock consolidation.

Softmedx (00648) announces that the company proposes a share consolidation based on existing shares, with every 20 shares being consolidated into 1 share. The share consolidation must be approved by shareholders at a special general meeting before it can take effect. As of the date of this announcement, the trading unit on the Stock Exchange for existing shares is 5000 shares per board lot. The Board of Directors proposes that after the share consolidation takes effect, the trading unit on the Stock Exchange be changed from 5000 shares of existing shares to 1000 shares of consolidated shares.