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Thursday 06 Oct 2016 Author: Steven Frazer

Now fully focused on digital audio solutions after the sale of its health monitoring unit, there is plenty going on at Toumaz (TMZ:AIM) including a massive tidying up of the share base. The technology minnow plans a 40 for one share consolidation, creating one new share for every 40 existing, effectively converting the current 2.62p share price into 104.8p. Beyond that admin, the company hopes to start creating value by maximising its two lines of business – digital radio and connected audio, something it has largely failed to do to date. Rounding things off is a change of company name to Frontier Smart Technologies on 2 November 2016.

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