News from distribution of Calidus shares by Keras Resources Plc:-- Intention to demerge entire 723,750,000 shareholding of Calidus Shares held by Keras, and to distribute them to the Eligible Shareholders (currently anticipated to be those on the register at 6.00 p.m. on 19 November 2019)
-- Proposed Capital Reduction will result in the creation of distributable reserves, which is required for the Company to then effect the distribution of Calidus shares
-- The Demerger is considered to be a fundamental change of business pursuant to AIM Rule 15 and therefore requires the approval of Shareholders at a General Meeting to be held on 12 October 2019
-- Eligible Shareholders will receive 1 Calidus Share for every 3.44229 Ordinary Shares registered in their names on the Record Date
Source: https://uk.advfn.com/stock-market/london/keras-resources-KRS/share-news/Keras-Resources-PLC-Distribution-of-Calidus-Shares/80812984 (subscription needed)
Thats 33.71 % of the total of Calidus, keen on what this means for the SP ... and thus Alkane's investment ...
News from distribution of Calidus shares by Keras Resources...
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