Countrywide share consolidation becomes effective

(Sharecast News) - Countrywide confirmed on Monday that its share consolidation had now become effective.
The London-listed firm had announced that the consolidation would go ahead on 27 December, following its general meeting held that day.

It said admission of its new ordinary shares to trading on the London Stock Exchange took place at 0800 on Monday.

"The proportion of Countrywide's issued ordinary share capital held by each shareholder immediately before and after the share consolidation will remain unchanged," the board said in its short statement.

At 1430 GMT, shares in Countrywide were up 4,762.12% at 349.1p, as a result of the share consolidation.