Cazoo announces reverse stock split and increase in authorized share capital

Cazoo Group announced that its Board of Directors has approved a consolidation of the Company’s issued and unissued share capital, par value 0.20c, at a ratio of 1-for-100 , as well as an increase in share capital . After giving effect to the reverse stock split and the share increase the Company’s authorized share capital will be $22,105,000, divided into 100,000,000 Class A ordinary shares with a par value of 20c each , 25,000 Class B ordinary shares with a par value of US$0.20 each, 500,000 Class C ordinary shares with a par value of 20c each and 100,000,000 preference shares with a par value of 20c each. The reverse stock split and share increase will be effective at 4:05 p.m on December 5 and the Class A Shares will begin trading on a split-adjusted basis when the New York Stock Exchange opens for trading on Wednesday, December 6. The Class A Shares will continue to trade on the NYSE under the trading symbol “CZOO“, but will trade under the following new CUSIP number starting December 6 G2007L 121. The reverse stock split and the share increase were approved by Cazoo’s shareholders at the extraordinary general meeting of shareholders held on November 21, 2023 with over 97% approval.