RE: What happens to the rounded down value25 Nov 2020 18:01
Jim, if the fractional charges call it that, are important to you in the slightest. In the future, especially whrte cash shells are concerned or stocks you hold that have billions in issue (likely to consolidate). Sell or buy to round up your holding to the nearest 10.
"No Shareholder will be entitled to a fraction of a New Common Share and where, as a result of the Share Consolidation, any Shareholder would otherwise be entitled to a fraction only of a New Common Share in respect of their holding of Existing Common Shares on the Record Date (a "Fractional Shareholder"), such fractions will, in so far as possible, be aggregated with the fractions of New Common Shares to which other Fractional Shareholders of the Company would be entitled so as to form full New Common Shares (the "Fractional Entitlement Shares"). These Fractional Entitlement Shares will be held in Treasury by the Company.
Shareholders with only a fractional entitlement to a New Common Share (i.e. those Shareholders holding a total of fewer than 10 Existing Common Shares at the Record Date) will cease to be a Shareholder of the Company."
From RNS on the 2nd of Nov.
Gl