Share Consolidation17 May 2024 12:33
From RNS:
"No Shareholder will be entitled to a fraction of a New Ordinary Share. Instead, their entitlement will be rounded down to the nearest whole number of New Ordinary Shares. Remaining fractional entitlements to New Ordinary Shares will be aggregated and sold on behalf, and for the benefit of, the Company. If a Shareholder holds fewer than 25 Existing Ordinary Shares at the Record Date, then the rounding down process will result in that Shareholder being entitled to zero New Ordinary Shares and as a result of the Share Consolidation they will cease to hold any Ordinary Shares."
You might consider it to be mere peanuts (max. c.£1.35 per shareholder at quoted SP), but no one likes having their money forcibly taken from them. Don't you think we've suffered enough with this share?