Toky approves 20‑for‑1 share consolidation to meet B3 price rule

Shareholders of Grupo Toky (ticker TOKY3) approved a 20‑for‑1 reverse stock split at an extraordinary general meeting on 27 July. The action will reduce the number of ordinary shares to 2,709,837 while keeping the company’s capital at R$ 1.278 billion, preserving each shareholder’s economic interest.

The consolidation aims to lift the share price above R$ 1 to comply with B3’s listing requirements, avoiding potential regulatory sanctions. Toky, currently under judicial recovery, gave investors a 30‑day window (28 July – 27 August) to adjust positions in multiples of 20 shares. The newly grouped shares will trade from 28 August, and any fractional shares will be pooled and auctioned, with proceeds distributed to affected shareholders. The split also applies to the company’s subscription warrants (TOKY11, TOKY12) and convertible debentures (MBLY21), adjusting their quantities and exercise prices accordingly.