SINGAPORE, Feb. 06, 2026 (GLOBE NEWSWIRE) — Davis Commodities Restricted (“Davis Commodities” or the “Firm”) introduced that shareholders have authorized a share consolidation proposal at an Extraordinary Normal Assembly (EGM) held on February 4, 2026, at Genting Resort Jurong in Singapore. The measure is geared toward rising the Firm’s share value, regaining compliance with minimal bid value necessities, enhancing market credibility and investor confidence, and moderating extreme share value volatility.
The authorized decision licensed the consolidation of each Class A and Class B extraordinary shares of the Firm. The board of administrators resolved on February 5, 2026 to implement the share consolidation at a ratio of 20‑for‑1 with speedy impact. The efficient date of the buying and selling of the consolidated shares on the Nasdaq Capital Market (“Nasdaq”) is anticipated to be on or about February 16, 2026 topic to affirmation by Nasdaq and the completion of the related procedures. The board can also be licensed to take care of any fractional entitlements arising from the share consolidation, together with by capitalizing reserves or income and issuing further shares the place essential to spherical up fractional holdings.
The decision additional grants the administrators broad authority to take all steps required to implement the share consolidation, together with any associated company actions. Shareholders had been capable of vote both by proxy, by way of web or mail, or in individual on the EGM, with the extraordinary decision requiring a easy majority of votes forged by Class A and Class B shareholders voting collectively as a single class.
The proposal handed with sturdy assist. Holders of Class A extraordinary shares forged 121,876 votes in favor, 137,089 towards and 1,850 abstentions, whereas Class B shareholders—whose votes carry 30 votes per share—forged 495,449,430 votes in favor and none towards. In whole, 495,571,306 votes had been forged for the decision, 137,089 towards and 1,850 abstentions, representing 97.91% of the 506,305,124 votes hooked up to the Firm’s issued and excellent shares.
About Davis Commodities Restricted
Primarily based in Singapore, Davis Commodities Restricted is an agricultural commodity buying and selling firm that makes a speciality of buying and selling sugar, rice, and oil and fats merchandise in numerous markets, together with Asia, Africa and the Center East. The Firm sources, markets, and distributes commodities underneath two foremost manufacturers: Maxwill and Taffy in Singapore. The Firm additionally offers clients of its commodity choices with complementary and ancillary companies, resembling warehouse dealing with and storage and logistics companies. The Firm makes use of a longtime world community of third-party commodity suppliers and logistics service suppliers to distribute sugar, rice, and oil and fats merchandise to clients in over 20 nations.
For extra data, go to https://ir.daviscl.com
Ahead-Trying Statements
This press launch comprises sure forward-looking statements, throughout the that means of the “secure harbor” provisions of america Personal Securities Litigation Reform Act of 1995. These forward-looking statements usually will be recognized by phrases resembling “imagine,” “challenge,” “predict,” “funds,” “forecast,” “proceed,” “anticipate,” “anticipate,” “estimate,” “intend,” “technique,” “future,” “alternative,” “plan,” “could,” “might,” “ought to,” “will,” “would,” and related expressions or destructive variations of these expressions.
Ahead-looking statements are predictions, projections, and different statements about future occasions which are primarily based on present expectations and assumptions and, due to this fact, topic to dangers and uncertainties. Many components might trigger precise future occasions to vary materially from the forward-looking statements contained on this press launch. The Firm’s filings with the SEC determine and talk about different necessary dangers and uncertainties that would trigger occasions and outcomes to vary materially from these indicated in these forward-looking statements.
Ahead-looking statements communicate solely as of the date on which they’re made. Readers are cautioned to not place undue reliance upon forward-looking statements. Davis Commodities Restricted assumes no obligation, and expressly disclaims any intention or obligation, to replace or revise any forward-looking statements, whether or not because of new data, future occasions, or in any other case.
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