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supply@me capital plc - warrant distribution
supply@me capital plc (syme) completed an open offer, resulting in the distribution of supply@me capital plc - warrant (syme.wrt) with a ratio of 1 syme.wrt warrant for every 2 syme shares you subscribed for.
the newly issued instrument does not qualify as an isa-eligible security and therefore cannot be held in your isa account.
if you have an existing invest account, syme.wrt will be distributed in that account.
if you do not have an existing invest account, the allocation will not be processed until one is created. you will be sent periodic reminders and any pending distributions will be executed on a weekly basis.
detailed information about the process can be found in the help centre article: https://helpcentre.**************/hc/en-us/articles/12307600747165-distribution-of-instruments-to-isa-s-resulting-from-corporate-actions
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Any one using T212 here is the reply I've just received.
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Not sure if I'm being dumb here,
but how I see it is, say we reach a share price of lets say Β£2 and I had 100.000 shares before the consolidation my holdings would be worth 200.000, but because of the 1-10 consolidation are now only worth 20.000, for it to reach the 200.000 mark the share price would have be Β£20 after consolidation which is highly unlikely.
GLA
I see consolidation as a sh-te move for a lot of share holders.
The way I see it is, if you have let's say 100.000 shares and we have a 10-1 consolidation that takes your holdings down to 10.000 shares at no loss, but in the long term as the share moves up your gains will be a lot lower. This is how I see it, please correct me if I'm wrong.
GLA
The board SD has put together is world class and will be to our advantage over the coming months, the guy is a genius.
It as though he knew this was coming, a lot of what he's been saying and doing since he joined GGP is starting to add up. I love it when a plan come together.
GLA
On a positive note, it looks like we will be relisting at some point and who knows where we could go, thats what is exciting, for me anyway. Luckily for me I did not chuck to much into this and I'm happy to ride it out, once we relist.
GLA