Consolidation22 Mar 2021 10:40
W RESOURCES PLC - Important Information
Proposed Consolidation.
1 New Ordinary share for every 100 Existing Ordinary shares held.
Please be advised that holders of less than the qualifying 100 shares will cease to be shareholders of the Company once the Consolidation has become effective. In such circumstances, those shareholders may instead receive a cash payment in lieu of their entitlement to a New share.
On 8th March 2021, W Resources (WRES) announced a proposed reorganisation of the Company's share capital. Subsequently, one of the steps of the reorganisation is to conduct a Consolidation.
The Consolidation is subject to shareholder approval at a General Meeting to be held 31st March 2021. Following such approval, the Consolidation is expected to become effective on 1st April 2021.