Got this today10 Mar 2025 22:33
GREAT WESTERN MINING CORPORATION PLC - Important Information
Proposed Consolidation.
1 New Great Western Mining Corporation Mining PLC (GWMC) Ordinary share for every 200 Existing Ordinary shares held.
The qualifying amount for this Consolidation is 200 shares, if you hold fewer than this amount when the event becomes effective, you'll no longer be a shareholder. If this happens, you might instead get a cash payment in lieu of your entitlement to the New shares.
On 24th February 2025, GWMC announced a proposed Consolidation of the Company's Ordinary shares as part of a wider Capital Reorganisation. The GWMC Board believes that the Consolidation is in the best interests of the shareholders, giving the Company a share capital structure that will enhance growth.
The Consolidation needs shareholder approval at the Extraordinary General Meeting to be held on 20th March 2025. If approved, the Consolidation is expected to take effect on 31st March 2025 and we'll credit the new shares to your account on or after that date.
Unless you hold your shares in a ShareBuilder account, we won't be issuing any fractional shares. We'll deal with any cash entitlements in accordance with our Terms and Conditions.
When a company consolidates its share capital the number of shares in the Company reduces. This will impact the price as the total value of shares will stay the same but there are fewer shares in circulation, so the price can increase significantly. You may notice an increase in the share price when the Consolidation becomes effective.
If you have any TradePlans set up with GWMC, this event will result in the TradePlan being deleted and any charges refunded. You'll need to set this up again online or through our contact centre.
If you have a regular investment on your existing GWMC shares, this investment plan will be deleted and you'll need to set it up again, online or through our contact centre.
If you keep your holding of GWMC shares, we'll update your account when the Consolidation becomes effective. Please note that we'll only get back in touch if the terms of the event change.
To find out more, please visit www.greatwesternmining.com/