Service Stream Limited
(ASX:SSM) has announced it has completed its Capital Management Initiative, which was approved by shareholders on 31 May 2016.
Approximately $19.3 million will be returned to investors, with each shareholder paid 5 cents per pre-consolidated share.
Service Stream has updated its register to reflect the consolidation, with each ordinary share now converted to 0.9318 of a share.
The company has reported the total number shares now on issue is just over 360 million.
Service Stream Limited reported a net profit of $8.81 million at 31 December 2015.
