If the Suncorp Board does decide to proceed with a pro-rata return of share capital and share consolidation, this would involve:
A cash payment to all shareholders, with the ‘pro-rata’ indicating that the size of the payment to each shareholder will be based on the number of Suncorp shares you hold and determined as a fixed number of cents per share, like a dividend.
At the same time a share consolidation will occur. This would see the number of shares held by all shareholders reduce by a proportionate number. Subject to rounding, a share consolidation would not affect any shareholders’ percentage shareholding in Suncorp.
If the Board does decide to proceed with this method, more detailed information will be provided to assist shareholders in determining what this may mean for individual holdings.
Please let me know if you need any additional information at this time.
Kind regards
SUN Price at posting:
$13.72 Sentiment: Buy Disclosure: Held
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