What is a Share Placing?...

K

kraggy

Registered User
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41
..is it the same as floating?

It's just that i have Oakhill shares and they announced last week that they were going to [SIZE=-1]raise at least 10 mln eur before expenses via placing shares at 0.35 eur each on the AIM and the IEX.

It also said that [/SIZE]it will launch a one-for-five share consolidation.

How does this work and [SIZE=-1]does it affect me in any way?

Thanks

K.
[/SIZE]
 
It means that will not be on offer to the public as such-rather they will be placed with intrerested parties through brokers.

The legal and disclosure requirements are usually less onerous on the company when selling shares in this way.

It is a method of floatation as opposed to an alternative to same.

Re. the consolidation, for every 5 shares you hold, you will receive one share in the new capital structure.
 
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