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Share Name Share Symbol Market Type Share ISIN Share Description
WORLD HIGH LIFE PLC NEX:LIFE NEX Ordinary Share GB00BMDY1P48
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.00 23.53% 10.50 7.00 9.00 10.4141 8.50 8.50 38,700 16:30:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
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World High Life PLC Approval of Share Consolidation

19/11/2019 12:41pm

UK Regulatory (RNS & others)


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TIDMLIFE

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 GBP0.01 each will be consolidated into 1 new ordinary share with a nominal value of GBP0.10. 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 GBP0.10 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  Financial PR 
 Mark Anwyl/Allie Feuerlein      Camilla Horsfall/Megan Ray 
 Peterhouse Capital Limited      Blytheweigh 
 +44 (0) 20 7469 0930            +44 (0) 20 7138 3224 
 ma@peterhousecap.com            Camilla.horsfall@blytheweigh.com 
 af@peterhousecap.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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

November 19, 2019 07:41 ET (12:41 GMT)

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