Cazoo announces reverse stock split and increase in authorized share capital

London & new york--(business wire)--cazoo group ltd (nyse: czoo) (“cazoo,” the “company,” “we,” “us” or “our”), the uk online car retailer, which makes buying and selling a car as simple as ordering any other product online, announced today that its board of directors has approved a consolidation of the company's issued and unissued share capital, par value us$0.002 per share, at a ratio of 1-for-100 (the “reverse stock split”), as well as an increase in share capital (the “share increase”). af.
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