Berkeley Group Holdings (The) PLC (BKG)
Posted: March 2nd, 2020, 1:30 pm
My broker has advised of the above i.r.o. Berkeley Group (BKG), but would be similar for any company ?
"Under capital return, you will get £4.00 in cash for each share held on the record date. This will be followed by consolidation, result being in lieu of every 100 shares of BERKELEY GP HLDGS ORD GBP0.05 you will get 92.69 shares in BERKELEY GP HLDGS ORD GBP0.053943"
These events are mandatory and they anticipate the consolidated share will credit on 19/03/2020 and capital return payment is expected on 31/03/2020
I have not experienced this elseware and don't know if I should do anything before it happens.
Thanks
Sue
"Under capital return, you will get £4.00 in cash for each share held on the record date. This will be followed by consolidation, result being in lieu of every 100 shares of BERKELEY GP HLDGS ORD GBP0.05 you will get 92.69 shares in BERKELEY GP HLDGS ORD GBP0.053943"
These events are mandatory and they anticipate the consolidated share will credit on 19/03/2020 and capital return payment is expected on 31/03/2020
I have not experienced this elseware and don't know if I should do anything before it happens.
Thanks
Sue