10th Oct 2014 10:33
LONDON (Alliance News) - Sopheon PLC said Friday that shareholders approved its proposed share consolidation at its annual general meeting.
Under the consolidation every 500 existing shares of 20 pence will be consolidated into one new share of GBP100 each. Rights attached to the new shares will be identical to those of existing shares.
It has applied for 14,558 shares to be admitted to trading on AIM and Alternext and it expects these shares to begin trading next Tuesday.
Shareholders had previously approved a share consolidation in June 2013, however, incorrect processing by certain market participants in the Netherlands means that it has had to repeat the procedure.
Shares in Sopheon are untraded Friday; it last closed at 50.86 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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