It looks to me like they have consolidated and whatever shares you hold, you should divide by 100.
21 Oct '13
what happened ?
Hi everyone, anyone knows why it jumped over 8000% today?
18 Oct '13
18 October 2013 Palace Capital plc ( "Palace Capital" or "Company") GBP39.25 million acquisition of Sequel Portfolio and GBP23.5 million Placing Result of General Meeting Further to the announcement made by Palace Capital on 2 October 2013 regarding the proposed acquisition of the Sequel Portfolio from Quintain Estates & Development PLC, the Company is pleased to confirm that all resolutions proposed at the General Meeting of the Company held earlier today were duly passed. Application has been made for the 12,440,937 New Ordinary Shares to be issued pursuant to the Reorganisation, the Placing and the Acquisition to be admitted to AIM. Such Admission is expected to become effective at 8.00 a.m. on 21 October 2013. Existing Ordinary Shares will be traded in the new form on the basis of 1 New Ordinary Share for every 100 Existing Ordinary Shares in Palace Capital held at 5.30 p.m. on 18 October 2013. The same definitions apply throughout this announcement as are applied in the Admission Document, published on 2 October 2013 , copies of which are available on the Company's website, www.palacecapitaplc.com. -ends-
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.