A little something back8 Jan 2021 10:40
Everyone received the circular today? If you have over a million shares in eridge you’ll get something back.
ere are 4,745,973,608 shares outstanding in Eridge. This makes the break up value of Eridge 0.0021p per share.
Subject to shareholder approval, shareholders will have a choice of one of two options to decide what to do about their claim:
Shareholders will be able to email shareholders@eridgecapital.co.uk and request that the company buys back their shares at 0.0021p per share. This offer will only be made available to beneficial owners. For those shareholders that do not directly appear on the shareholder register they will need to provide evidence of their holding. Timescales and further procedural details are described in the circular.
Shareholders will be able to request to swap their shares in Eridge Capital Limited for “B Shares” in Eridge Capital (UK) Limited (a company registered in England & Wales). Shares of Eridge Capital Limited can be swapped for B Shares in Eridge Capital (UK) Limited on a 1,000,000:1 basis (i.e. for every 1,000,000 shares held in Eridge Capital Limited these can be swapped for 1 B Share in Eridge Capital (UK) Limited).