Any One Good Working This Out25 Jan 2025 20:13
2,136,682 Shares what would the value be of them if this happen cant get my head round it
At the Annual General Meeting of the Company held on 6 November 2024, shareholders authorised the Company to initiate a Capital Reorganisation in order to reduce the number of shares in issue and simplify the capital structure. The Directors of the Company have commenced the Capital Reorganisation which is set to take effect 30 January 2025 and will be completed by way of:
(i) Rounding Share Capital: The issue of 1,497 new ordinary shares ("Rounding Shares"), resulting in an issued ordinary share capital of 187,451,704,000 ordinary shares; and
(ii) Share Consolidation: consolidate every 4,000 Existing Ordinary Shares with nominal value £0.0001 each, into one ordinary share with nominal value of £0.40 each (the "New Ordinary Shares")
The effects of the Capital Reorganisation, following the issue of the Rounding Shares will be to consolidate the number of shares in issue from 187,451,704,000 to 46,862,926 ordinary shares of nominal value £0.40 (40 pence) each will, increase the Company's share price by a factor of 4,000. Based on a closing share price of £0.00028 on 21 January 2025, the indicative new share price of each share is £1.12. The table below illustrates the effect of the Capital Reorganisation.