What is the effect of the Burberry demerger and the GUS plc share consolidation on 13 December 2005 on GUS plc shareholders at that date?
(i) The Burberry demerger As indicated in the EGM Circular dated 18 November 2005, shareholders received 305 Burberry Group plc shares for every 1,000 GUS plc shares held at the record time on 13 December 2005. (ii) The GUS plc share consolidation Immediately after the demerger of Burberry on 13 December 2005, the share capital of GUS plc was consolidated and the nominal value of each consolidated GUS plc share was increased from 25 pence to 29 3/43 pence. As a consequence, GUS plc shareholders received 860 new consolidated GUS plc shares of nominal value 29 3/43 pence each for every 1,000 old GUS plc Ordinary shares of nominal value 25 pence each held at the Record Time of 7am on 13 December 2005. This process also involved the issue of new 29 3/43 pence Ordinary share certificates to replace existing 25 pence Ordinary share certificates, which have now become valueless. (iii) UK Capital Gains Tax Following the demerger of Burberry and the GUS plc share consolidation, the previous bas
Related Questions
- What is the effect of the Burberry demerger and the GUS plc share consolidation on 13 December 2005 on GUS plc shareholders at that date?
- What is the effect of the Burberry demerger and the GUS share consolidation on 13 December 2005 on GUS shareholders at that date?
- What is the effect of the demerger of Experian plc and Home Retail Group plc on GUS shareholders?
