Primech Holdings Ltd (PMEC) Form 6-K — Oct 16, 2026
Primech Holdings shareholders approved all eleven items at the October 14, 2026 AGM, including authorization for directors to consolidate up to every 200 shares into one — an extreme potential reverse split ratio of 200:1 covering both ordinary and Class B preference shares. The AGM also authorized directors to issue Class B Preference Shares (10 votes each) to CEO Kin Wai Ho equal to 10% of issued ordinary shares, and approved a mandate to repurchase up to 20% of issued ordinary shares on Nasdaq.
Key figures
- Shares Outstanding
- 38417987
- Reverse split ratio
- up to 200:1
- Class b issuance to ceo
- up to 10% of issued ordinary shares
- Directors fees approved usd
- 155000
- Preference share vote weight
- 10 votes per share
- Buyback authorization percent
- 20%
- Class b preference shares outstanding
- 3000000
AI analysis
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