RNS out3 Sep 2018 13:15
morning all ….. still not sure how 30k shares turn into 63 shares????
If a Shareholder holds 30,000 Existing Ordinary Shares at the Record Date, such Shareholder will, following the implementation of the Consolidation, hold 63 New Ordinary Share derived from 23,763 Existing Ordinary Shares with the remaining 6,237 Existing Ordinary Shares forming a Fractional Entitlement. Assuming that New Ordinary Shares are sold at 37 pence each, such a Shareholder will receive proceeds of sale of GBP6.11 less the costs of sale and administration. If the costs of sale and administration are GBP1.12 or more, the Company will keep the proceeds because they will be less than.........