RE: Consolidation?24 Mar 2025 16:03
RNS today states:
"Capita has today published a circular to shareholders (the Circular) in relation to the proposals first announced in the Full Year Results Announcement, detailing the Board's proposals to:
optimise the structure of the Company's balance sheet and enhance the Company's ability to return value to shareholders at the appropriate time in the future by cancelling the entire amount standing to the credit of the Company's share premium account (the Share Premium Reduction); and
consolidate the existing ordinary shares in the Company (the Share Consolidation) at a ratio of 15 for 1, which would involve every 15 ordinary shares of 2 1/15 pence held by a shareholder being consolidated into one ordinary share of 31 pence."
Seems there will be both a 'Share Premium Reduction' and a 'Share Consolidation' taking place for CPI!