Carlisle says plans to reorganise share capital to reduce shareholders, costs |
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Published
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Fri, 04 May 2007 15:48
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LONDON (Thomson Financial) - Carlisle Group Ltd said it plans to reorganise its share capital which will reduce the number of shareholders from about 3,300 to around 900 and bring down the company's costs in maintaining a large register.The company said the reorganisation will also provide an exit to small shareholders holding less than 100 shares, whose holding will be acquired by Carlisle for cash without any dealing charges.Carlisle said it does not anticipate any suspension of trading of its shares on AIM or any delay in the commencement of the trading of new shares as a result of the capital reorganisation.TFN.newsdesk@thomson.comkal/nesCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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Carlisle to acquire Insulfoam for $160M 