World High Life PLC - Approval of Share Consolidation
RNS Number : 9333T
World High Life PLC
19 November 2019
 

19 November 2019

World High Life PLC

 ("World High Life" or the "Company")

Approval of Share Consolidation

The Directors of World High Life PLC are pleased to announce that the resolution to approve the consolidation of the Company's issued and outstanding ordinary shares (the "Consolidation") was duly passed at the General Meeting of the Company held today.

 

As a result, every 10 existing ordinary shares with a nominal value of £0.01 each will be consolidated into 1 new ordinary share with a nominal value of £0.10. The record date for the Consolidation is 18.00 on 19 November 2019. On completion of the Consolidation, the Company will have 14,089,810 ordinary shares of £0.10 each in issue ("New Ordinary Shares"). The ISIN for the New Ordinary Shares is GB00BK26FQ62.

 

Application has been made for the New Ordinary Shares to be admitted to trading on the NEX Exchange Growth Market and admission is expected to become effective, and dealings in the New Ordinary Shares are expected to commence, on 20 November 2019.

 

Following the Consolidation, shareholders will still hold the same proportion of the Company's ordinary share capital as before the Consolidation. In the case of uncertificated holders, Euroclear UK and Ireland Limited will be instructed to credit the relevant CREST participant's account with New Ordinary Shares on 20 November 2019; share certificates in respect of New Ordinary Shares will be issued by 22 November 2019.

 

For the purposes of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, the figure of 14,089,810 New Ordinary Shares referred to above should be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

The Directors of the Company accept responsibility for the contents of this announcement.

For further information please contact:

David Stadnyk

Founder & CEO

World High Life PLC

+44 (0) 7926 397 675

info@worldhighlife.uk

 

 

 

 

NEX Exchange Corporate Adviser

Mark Anwyl/Allie Feuerlein

Peterhouse Capital Limited

+44 (0) 20 7469 0930

ma@peterhousecap.com

af@peterhousecap.com

Financial PR

Camilla Horsfall/Megan Ray

Blytheweigh

+44 (0) 20 7138 3224

Camilla.horsfall@blytheweigh.com

Megan.Ray@blytheweigh.com

 

For more information on World High Life please visit: www.worldhighlife.uk

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

 

 

 


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