99.000%6 Jan 2021 09:27
1 New Edenville Energy PLC (Edenville) Ordinary share for every 1000 Existing shares held.
Please be advised that holders of less than the qualifying 1000 shares will cease to be shareholders of the Company once the Consolidation has become effective. In such circumstances, those shareholders may instead receive a cash payment in lieu of their entitlement to a New share.
On 11th December 2020, Edenville announced that it was proposing a Consolidation of its shares on the basis outlined above. The Consolidation is intended to improve the marketability of the Company's shares to a wider range of investors through a higher share price, simultaneously reducing volatility in the Edenville share price.
The Consolidation is subject to shareholder approval at the Annual General Meeting to be held on 5th January 2021.
Subsequently, the Consolidation is expected to become effective on 6th January 2021 and the New Consolidated shares are expected to be credited to your account on or after that date.
Unless you hold your shares in a ShareBuilder account, no fractions of shares will be issued. Any resulting cash entitlements will be dealt with in accordance with our Terms & Conditions.
When a company consolidates its share capital, the number of shares in the Company reduces. This will impact the share price as the total value of shares will remain the same but there are fewer shares in circulation, so the price can increase significantly. You may therefore notice an increase in the share price when the Consolidation becomes effective.
If your Existing Edenville shares form part of a TradePlan, please note the TradePlan will be deleted after the Consolidation and any charges refunded. You will need to log online or call us to set up a new TradePlan after the New Edenville shares have been credited to your account.
If you have a regular investment in place on your Edenville shares, please note that this Investment Plan will be automatically updated to the new stock line. The investment amount, frequency and investment dates will not change.
Should you retain your holding of Edenville shares, your account will be updated when the Consolidation becomes effective. Please note that we will only communicate to you again if the terms of the event change.
Should you wish to find more information about the proposals, please visit www.edenville-energy.com/.