RE: Calidus consolidation18 Nov 2019 17:31
This must be mean pant's then.......... 6th Nov RNS.......
"On 19 November 2019, a further hearing is scheduled to take place in relation to the cancellation and repayment of: (a) all issued Deferred Shares; and (b) 0.09p of the capital paid up on each issued Ordinary Share (the 'Demerger Reduction').
The repayment will be by way of transferring 723,750,000 ordinary shares in Calidus Resources Limited ('Calidus Shares') currently held by the Company to eligible shareholders. Eligible shareholders will be entitled to receive 1 Calidus Share for every 3.44229 Ordinary Shares registered in their name on the record date, which is expected to be at 6.00pm on the day of Court approval of the Demerger Reduction. The transfer of Calidus Shares to eligible shareholders is expected to take place by 29 November 2019, and before a proposed consolidation of the Calidus Shares which, if approved by Calidus shareholders, will take effect on 29 November 2019."
All the best (I see it as tomorrow, evening.......... ;)