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It seems iWeb have already taken into account the consolidation, shares reduced and average share price up by 25.5p. Just the cash isn't in the account yet.
Don't need to re-invest the special if you want to get back to the same number of shares. You could buy the equivalent of the split ratio at a potentially cheaper price using spare cash?
Anyone holding CFDs in NatWest? Has the broker explained how the cash will be returned as dividends are paid on the ex-divi. Also l presume the holding will be reduced as well.