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LONDON - Amicorp FS (UK) Plc announced Thursday it has allotted 718,538 bonus issue shares following shareholder approval at its General Meeting on November 5.
The company issued 0.00598961 bonus shares for each existing share held by shareholders on the register as of 6:00 p.m. on November 5, rounded down to the nearest whole number. Each bonus share has a nominal value of $0.001.
According to the company’s statement, the bonus issue aims to preserve cash resources for future growth while returning value to shareholders through the capitalization of approximately $1.2 million from retained profits.
Applications have been submitted to the UK Financial Conduct Authority and London Stock Exchange for the new shares to be admitted to the Equity Shares (Transition) Category of the Official List and to trading on the Main Market. Trading in the bonus shares is expected to commence around 8:00 a.m. on November 7.
Following the allotment, Amicorp’s total issued share capital now consists of 120,686,538 ordinary shares of $0.001 each, with each share carrying one voting right.
The company noted in its press release that shareholders may use this updated figure as the denominator for calculations to determine if they need to notify changes in their interest in the company under the FCA’s Disclosure and Transparency Rules.
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