got this the other day halifax18 Oct 2012 18:34
Tricor PLC (Tricor) is proposing a Capital Reorganisation on the following basis:
Every 1000 Existing Ordinary shares of GBP0.001 will be consolidated into 1 Ordinary GBP0.10 share.
Then,
Each Post Consolidated Ordinary GBP0.10 share will be subdivided into 1 New Ordinary GBP0.0001 share and 1 Deferred GBP0.0999 share.
Important Information & Other Key Dates:
The Capital Reorganisation is subject to shareholder approval at the Annual General Meeting to be held on 31st October 2012.
Following such approval, the Capital Reorganisation is expected to become effective on 1st November 2012.
When a company consolidates its share capital the number of shares in the Company reduces. This will impact the share price as the total value of shares will remain the same but there are less shares in circulation, so the price can increase significantly. You may therefore notice an increase in the share price before we are able to update your account and provide written notification of the effect on your holding.
If you are uncertain if the Capital Reorganisation has become effective please check with our Call Centre before selling your shares as you will be liable for any oversell in your holding.
No application is being made for the Deferred shares to be listed on the Official List or admitted to trading on any stock market or securities exchange. These shares have extremely limited rights and benefits attached to them rendering them in effect, economically worthless and will therefore not be updated on to your account.
Unless you hold your shares in a ShareBuilder account, no fractions of shares will be been issued. Any resulting cash entitlements will be dealt with in accordance with our Terms & Conditions (section 11.16).
Should you retain your holding of Tricor Ordinary shares, the New shares are expected to be credited to your account on or after 1st November 2012.
Should you wish to find more information about the Capital Reorganisation, please visit the Tricor website, tricor-plc.com/.