LONDON (Alliance News) - Services group Falkland Islands Holdings PLC on Monday said it wants to ask shareholders for their approval of a capital reorganisation involving the consolidation and then sub-division of its shares.
In addition, the AIM-listed company is seeking approval to buy back fractional entitlements arising on the consolidation of the shares.
A meeting of shareholders has been scheduled for January 12 in London. The company provided no other details Monday of the capital reorganisation plan.
Shares in Falkland Islands Holdings were down 1.6% at 217.50 pence on Monday.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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