Bemax Inc. Retires 600 Million Common Shares of Company Stock, Reduce Issued and Outstanding Shares
Bemax Inc. (OTC Pink: BMXC), a private label development company focused on disposable diapers and women's hygienic products, has announced a significant reduction in its total issued and outstanding common shares. The company's CEO, Taiwo Aimasiko, has voluntarily retired 600,000,000 common shares in exchange for 24,000,000 Series 'B' preferred shares, resulting in a 55.01% decrease in outstanding common shares.
This share retirement is part of Bemax's strategy to create additional value for shareholders and maintain a capital structure that supports growth without increasing authorized shares. The company plans to implement further reductions in total shares outstanding during the current fiscal year. Bemax aims to enhance shareholder value and confidence while executing plans to support projected sales targets.
Bemax Inc. (OTC Pink: BMXC), un'azienda di sviluppo di etichette private focalizzata su pannolini usa e getta e prodotti igienici femminili, ha annunciato una significativa riduzione del totale delle azioni ordinarie emesse e in circolazione. L'amministratore delegato dell'azienda, Taiwo Aimasiko, ha ritirato volontariamente 600.000.000 di azioni ordinarie in cambio di 24.000.000 di azioni privilegiate di serie 'B', comportando un decremento del 55,01% delle azioni ordinarie in circolazione.
Questo ritiro di azioni fa parte della strategia di Bemax per creare ulteriore valore per gli azionisti e mantenere una struttura di capitale che supporti la crescita senza aumentare le azioni autorizzate. L'azienda prevede di attuare ulteriori riduzioni del totale delle azioni in circolazione durante l'anno fiscale in corso. Bemax punta a migliorare il valore e la fiducia degli azionisti mentre realizza piani per supportare gli obiettivi di vendita previsti.
Bemax Inc. (OTC Pink: BMXC), una empresa de desarrollo de marcas privadas centrada en pañales desechables y productos higiénicos para mujeres, ha anunciado una reducción significativa en el total de acciones comunes emitidas y en circulación. El CEO de la empresa, Taiwo Aimasiko, ha retirado voluntariamente 600.000.000 de acciones comunes a cambio de 24.000.000 de acciones preferentes de serie 'B', lo que resulta en una disminución del 55,01% en las acciones comunes en circulación.
Este retiro de acciones es parte de la estrategia de Bemax para crear valor adicional para los accionistas y mantener una estructura de capital que apoye el crecimiento sin aumentar las acciones autorizadas. La empresa planea implementar reducciones adicionales en el total de acciones en circulación durante el año fiscal actual. Bemax busca mejorar el valor y la confianza de los accionistas mientras ejecuta planes para apoyar los objetivos de ventas proyectados.
Bemax Inc. (OTC Pink: BMXC)는 일회용 기저귀 및 여성 위생 용품에 중점을 둔 프라이빗 라벨 개발 회사로, 발행된 일반 주식의 총 수를 대폭 줄였다고 발표했습니다. 회사의 CEO인 Taiwo Aimasiko는 600,000,000주의 일반 주식을 자발적으로 퇴출하고 24,000,000주의 'B' 시리즈 우선주로 교환하여 유통 중인 일반 주식을 55.01% 감소시켰습니다.
이번 주식 퇴출은 Bemax가 주주를 위한 가치를 추가로 창출하고, 승인된 주식을 늘리지 않고도 성장을 지원할 수 있는 자본 구조를 유지하려는 전략의 일환입니다. 회사는 현재 회계 연도 동안 유통 주식의 총 수를 추가로 줄일 계획입니다. Bemax는 예상 매출 목표를 지원하기 위한 계획을 수행하는 동안 주주 가치를 높이고 신뢰를 증진시키는 것을 목표로 하고 있습니다.
Bemax Inc. (OTC Pink: BMXC), une société de développement de marques privées spécialisée dans les couches jetables et les produits d'hygiène féminine, a annoncé une réduction significative du total des actions ordinaires émises et en circulation. Le PDG de l'entreprise, Taiwo Aimasiko, a retiré volontairement 600.000.000 d'actions ordinaires en échange de 24.000.000 d'actions privilégiées de série 'B', résultant en une diminution de 55,01% des actions ordinaires en circulation.
Ce retrait d'actions fait partie de la stratégie de Bemax pour créer une valeur supplémentaire pour les actionnaires et maintenir une structure de capital qui soutient la croissance sans augmenter les actions autorisées. L'entreprise prévoit de mettre en œuvre d'autres réductions du total des actions en circulation durant l'année fiscale en cours. Bemax vise à améliorer la valeur et la confiance des actionnaires tout en exécutant des plans pour soutenir les objectifs de vente prévus.
Bemax Inc. (OTC Pink: BMXC), ein Unternehmen für private Labels, das sich auf Einwegwindeln und Damenhygieneprodukte spezialisiert hat, hat eine bedeutende Reduzierung der insgesamt ausgegebenen und ausstehenden Stammaktien angekündigt. Der CEO des Unternehmens, Taiwo Aimasiko, hat freiwillig 600.000.000 Stammaktien zurückgezogen im Austausch gegen 24.000.000 Vorzugsaktien der Serie 'B', was zu einem Rückgang um 55,01% der ausstehenden Stammaktien führt.
Diese Aktienrücknahme ist Teil der Strategie von Bemax, weiteren Wert für die Aktionäre zu schaffen und eine Kapitalstruktur aufrechtzuerhalten, die einem Wachstum dient, ohne die genehmigten Aktien zu erhöhen. Das Unternehmen plant, im laufenden Geschäftsjahr weitere Reduzierungen der insgesamt ausgegebenen Aktien durchzuführen. Bemax strebt an, den Wert und das Vertrauen der Aktionäre zu steigern, während es Pläne zur Unterstützung der prognostizierten Verkaufsziele umsetzt.
- Voluntary retirement of 600 million common shares by CEO
- 55.01% reduction in total issued and outstanding common shares
- Creation of additional shareholder value without increasing authorized shares
- Plans for further share reductions in the current fiscal year
- None.
- Total issued and outstanding reduced by
55.01%
Dallas, Georgia--(Newsfile Corp. - October 3, 2024) - Bemax Inc. (OTC Pink: BMXC), a private label development company with a focus on disposable diapers and women's hygienic sanitary products, is pleased to announce today its CEO, Taiwo Aimasiko, has voluntarily retired 600,000,000 million Common Shares of the Company's Stock for 24,000,000 Series "B" preferred shares effectively reducing the total issued and outstanding common shares by
This share retirement is the first as an additional reduction of the total shares outstanding will be effected during the current fiscal year.
"By retiring 600 million common shares we instantly create additional value to the shareholders & health of the company. The return of these shares demonstrates management's desire to maintain a capital structure that supports growth without resorting to increasing our authorized shares. This continues to be an integral part of Bemax Inc.'s long term corporate strategy," said Taiwo Aimasiko, CEO of Bemax Inc.
"At Bemax, we continue to commit to a growth-oriented approach to enhance shareholders value and confidence as we execute plans that would support projected sales targets", stated Bemax CEO, Taiwo Aimasiko.
This press release is in reference to the form 4 document filed with the SEC on October 1, 2024.
About Bemax Inc.
About Bemax Inc. Bemax Inc. is a forward-thinking company dedicated to delivering top-quality disposable diapers and women's hygienic sanitary products. With a focus on innovation and customer satisfaction, Bemax continues to expand its product offerings and distribution network, aiming to exceed the expectations of its growing customer base. Bemax Inc. exports and distribute private label household products to the global emerging markets. www.bemaxinc.com.
Safe Harbor Statement
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results or implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
CONTACT INFORMATION
Bemax Inc.
Dallas, GA
USA
Taiwo Aimasiko
Email: admin@bemaxinc.com
Tel: (470) 582 0807 ext. 101
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225404
FAQ
How many common shares did Bemax Inc. (BMXC) retire?
What was the percentage reduction in Bemax Inc.'s (BMXC) outstanding shares?
Who voluntarily retired the shares of Bemax Inc. (BMXC)?
What did Bemax Inc. (BMXC) receive in exchange for the retired common shares?
