consolidation date16 Sep 2009 01:51
has not been announced. that is what the AGM is for - to vote and pass the resolution.
it's easy to figure out the consolidation - divide your shares by 10, multiply the share price by 10. so in the end, the value is balanced off. nominal value of the share is not the actual value of the share and not to bother about. due to the consolidation, the original nominal value of the share 5p has to be multiplied by 10 to make up for the amount of shares divided.
for example, if you own 10,000 shares :-
before consolidation, 10000 shares at 27p = £2700.
after consolidation, 1000 shares at 270p = £2700.
so in the end you lose/gain nothing in value but the amount of issued shares have been dramatically lessened.