RE: New write up26 Apr 2018 22:38
Found this below, can anybody explain what this means about every 15 shares will become 1 worth 15p?
I like this part of the RNS, had been hoping for that for a while..."The Company is proposing to reorganise its share capital by way of a consolidation. Upon implementation of the consolidation, every 15 Ordinary Shares then in issue will be consolidated into 1 new ordinary share of 15 pence ("Consolidated Share"). Shareholders with a holding of Ordinary Shares which is not exactly divisible by 15 at the relevant time will have their holdings rounded down to the nearest whole number of Consolidated Shares. Approval will be sought from Shareholders at the Company's Annual General Meeting due to take place on 23 May 2018 and, subject to shareholder approval, the consolidation is expected to become effective shortly thereafter."