RE: Letter from ALBA18 Apr 2020 12:21
Maybe this helps:
The main reason for doing a share split is to improve the liquidity in the company's shares. For instance, an owner of just 1 ordinary share with nominal value of £1 cannot sell half a share but if there were 100 ordinary shares with nominal value of 1p each the owner could choose to sell 50 shares
So it would seem they want to create more shares of less value!!! This may not be a good thing. who gets the deferred shares of no value ?