22nd Jul 2022 09:46
AssetCo PLC - London-based advisory and asset management - Plans share split and cancellation of share premium account in order to make share price more affordable for retail investors and clear the way for dividend payments. Each existing ordinary share will be replaced by 10 new ones. AssetCo notes recent increase in number of retail investors holding its shares. The sub-division will make smaller-sized dealings more efficient, improving trading liquidity, it says. The cancellation of the share premium account will allow for the payment of 13.0 pence per share dividend, or 1.3p after the 1-into-10 split, in the fourth quarter. Afterwards, AssetCo says it intends to adopt a progressive dividend policy. Read More
