Capital Re-organisation12 Sep 2023 17:07
Can someone explain, in simple terms, what the 'Capital Re-organisation' means to the average shareholder?
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Oxford Cannabinoid Tech Holdings Plc has announced details of a capital reorganisation, which means there is a proposed significant change to a company or groups structure.
Under the terms of the capital reorganisation, your account will be credited with 1 new ordinary share of GBP0.1 and 1 deferred share of GBP0.9, in exchange for each existing ordinary share of GBP1.00.
The deferred shares will have very limited rights and will be effectively valueless. As such they will not be credited to your account.
The subdivision is subject to shareholder approval at a meeting to be held on 28 September 2023.
To view the announcement in full
https://data.fca.org.uk/artefacts/NSM/Portal/NI-000082052/NI-000082052.pdf
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