Ithmar Holding has scheduled an Extraordinary General Meeting (EGM) for March 5, 2026, to approve a recapitalization plan involving both a capital reduction and a subsequent capital increase.
The company proposes reducing its issued share capital from US$ 757.7 million to US$ 94.7 million by cancelling shares to extinguish accumulated losses, effectively giving shareholders one share for every eight previously held.
Following the reduction, the company plans a rights issue of up to 386