RE: RE: Everyone holding their breath for next week9 Jul 2022 10:46
Below is an extract from the recent Circular. Basically consolidation timing is at ITX discretion and the option to do this expires June 2023.
8. THAT every existing 10 ordinary shares of £0.01 each in the capital of the Company in issue and shown in the register of members of the Company at 6.00 p.m. (London time) on such date as the Directors may determine (the “Existing Ordinary Shares”) be consolidated into one ordinary share of £0.10 in the capital of the Company, such ordinary shares having the same rights, and being subject to the same restrictions, as the Existing Ordinary Shares, as set out in the articles of association of the Company, provided that at the date of consolidation the closing mid-market price of the Existing Ordinary Shares is not less than £0.04 and that this power shall expire on 30 June 2023.