The Celsius board has responded to shareholder feedback by deferring its planned share consolidation, moving to give investors a formal say on whether the restructure should proceed.
Directors will put a rescission resolution to shareholders at a general meeting anticipated in August, allowing them to formally withdraw approval previously granted for the consolidation. Should the resolution pass, the company’s capital structure will remain unchanged. If it does not, the consolidation will proceed under a revised timetable.
The company said:
“Following recent shareholder feedback and engagement, the Board believes it is not in the best interests of the Company or its shareholders to proceed with the Consolidation at this time.
“The Board therefore intends to seek shareholder approval at an upcoming general meeting, anticipated to be held in August 2026, to formally rescind the shareholder approval obtained at the General Meeting for the Consolidation (“Revocation Resolution”).
“If the Revocation Resolution is passed, the Consolidation will not proceed and the Company’s capital structure will remain unchanged. If the Revocation Resolution is not passed, the Consolidation will proceed in accordance with a revised timetable. Accordingly, the Company advises that the previously announced indicative timetable for the Consolidation will be revised. A revised indicative timetable will be announced once the notice of meeting and explanatory memorandum have been finalised.”
