Billabong International Limited's core business is the marketing, distribution, wholesaling and retailing of apparel, accessories, eyewear, wetsuits and hardgoods in the boardsports sector under the Billabong, RVCA, Element, Von Zipper, Honolua Surf Company, Kustom, Palmers Surf, Xcel, Sector 9 and Tigerlily brands.
Important Note: Share Consolidation
At the 2015 AGM our shareholders approved the consolidation of our shares on a five for one basis. So for example if you own 500 shares they will be consolidated into 100 shares As set out in the AGM Notice of Meeting, the value of each share is expected to increase as a result of the Consolidation. However, assuming no other market movements or impacts occur which affect the price of the shares, the aggregate value of all shares held by an individual shareholder is not expected to be affected by the Consolidation.
There is a process that commences from 26th November where the shares trade on a deferred settlement basis under a different ASX code (BBGDA). On 8th December share trading will resume under the BBG code.
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