Got this of my account on ii28 May 2026 14:21
Description
Proposed Consolidation, Bonus Issue and Name Change
Consolidation Ratio: 1-for-5
Bonus Issue of preference share: 1-for-1
Consolidation Effective date: 27th May 2026
Bonus Issues expected to be issued: After 3rd June 2026
Lansdowne Oil & Gas Plc has announced a 1-for-5 Consolidation, whereby holders will be issued with 1 new ordinary share, in exchange for every 5 shares held.
The company also intend to undertake a Bonus Issue of preference shares, whereby holders will receive 1 new preference share for each existing share held. The preference shares will not be listed on an exchange. They will entitle holders to a possible future dividend related to a claim for compensation that the company is taking against the Irish government under the Energy Charter Treaty. There can be no guarantee that any such dividend will be paid or, if it is, how much will be paid or when.
The company is also proposing to change its name from Lansdowne Oil & Gas Plc to Lansdowne Resources Plc.
The changes are subject to shareholder approval at a meeting to be held on 26th May 2026.
If approved, the consolidation is expected to become effective on 27th May 2026, with the preference shares expected to be issued at some point after 3rd June 2026. We will update accounts once we receive the new shares.
ISA Accounts:
Due to restrictions imposed on ISA accounts, unlisted shares are not considered an ISA-qualifying investment. Therefore, once issued, we will arrange to move the preference shares issued to you to a linked trading account, opening one on your behalf if you do not already have one.
Further information can be found in the Lansdowne Admission Document, which can be found at the following address:
https://www.lansdowneoilandgas.com/portfolio-item/lansdowne-rto-admission-document/
Sign In
Follow the stocks
