Just had a look
Following the share placing, SSW intends to change its name to Bigblu Broadband and there will be a 15-for-one share consolidation so investors will receive one new share for every 15 held. This has no financial impact – it simply reduces the number of shares in issue and will make each share worth about 120p.
It mentions each new share after consolidation should be worth about 120p. This can be correct based on 8.5p it would be equal to 127.5p
Anyone?