Linkers Industries Limited (NASDAQ: LNKS) (the "Company"), a manufacturer and supplier of wire and cable harnesses with operations in Malaysia, today announced that its board of directors has approved a reverse split of its Class A ordinary shares and Class B ordinary shares on a 1-for-250 basis (the "Reverse Share Split"). The Company's Class A ordinary shares will begin trading on the Nasdaq Stock Market LLC ("Nasdaq") on a post-split basis on April 6, 2026, under the symbol "LNKS" under a new CUSIP number – G5496W110.
As a result of the Reverse Share Split, each 250 issued and outstanding Class A ordinary shares will be combined into one Class A ordinary share and each 250 issued and outstanding Class B ordinary shares will be combined into one Class B ordinary share, automatically and without any action by shareholders. The Reverse Share Split will result in a proportional increase in par value from US$0.00001 per share to US$0.0025 per share and an adjustment of the Company's authorized shares comprising (a) 3,750,000 Class A ordinary shares with a par value of US$0.0025 each and (b) 250,000 Class B ordinary shares with a par value of US$0.0025 each. After giving effect to the Reverse Share Split, the Company expects to have approximately 1,356,613 Class A ordinary shares and 250,000 Class B ordinary shares issued and outstanding. The Reverse Share Split is intended to increase the market price per Class A ordinary share to allow the Company to maintain its Nasdaq listing.