RE: I've had a letter17 Mar 2016 16:09
The RNS does say:
"The Directors propose that, subject to Shareholder approval of Resolution 3 as set out in the
Notice, every 100 Existing Ordinary Shares of 0.025p each be consolidated into 1 New
Ordinary Share of 2.5p each."
"consideration of £8.8 million to be satisfied by the issue of
New Ordinary Shares at 35.5p per share (following a 100:1 share consolidation). The
Company has also raised £1.95 million (before expenses) by means of a Placing of New
Ordinary Shares at 35.5p per share"