Proposed Consolidation.12 Apr 2021 11:50
ADVANCE ENERGY PLC - Important Information
Proposed Consolidation.
1 New Advance Energy Plc (Advance) share for every 10 Existing shares held.
Important Information & Other Key Dates:
On 31st March 2021, Advance announced that it intended to implement a Consolidation of the Company's shares.
The Consolidation is subject to shareholder approval at the Extraordinary General Meeting to be held on 16th April 2021.
Subject to receiving such approval, the Consolidation is expected to become effective on 19th April 2021 and the New shares are expected to be credited on the same 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.
If your Existing Advance shares form part of a TradePlan, please note the TradePlan will be deleted and any charges refunded. You will need to login online or call us to set up a new TradePlan in the New Advance shares.
If you have a regular investment in place on your Advance 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 Advance shares we will update your account accordingly once the new shares have been credited.
Should you wish to find more information about the Consolidation, please visit the Advance website, www.advanceplc.com