Home / Knowledge / News / Apparel/Garments / Proposals for share consolidation & share buy-back

Proposals for share consolidation & share buy-back

Sep '06
On 18 August 2006, Marchpole despatched its annual report and accounts to shareholders in respect of the year ended 31 March 2006, together with a notice of its annual general meeting to be held on 12 September 2006. Copies are available on the Company's website.

Included within the special business for approval at the annual general meeting are proposals for a share consolidation and a share buy-back.

The proposed share consolidation is on the following basis: every five existing ordinary shares of 1p each to be consolidated and redesignated as one new ordinary share of 5p each.

Fractional entitlements will be aggregated into whole shares and sold in the market and net proceeds of sale will be distributed to shareholders entitled to such fractions. Cheques in respect of the net proceeds of sale are expected to be despatched by 29 September 2006.

Application will be made to the UK Listing Authority for the new ordinary shares to be admitted to the Official List and to be admitted to trading on the London Stock Exchange.

It is expected that dealings in the new ordinary shares will commence on 18 September 2006. Share certificates in respect of the new ordinary shares are expected to be despatched by 29 September 2006 to those shareholders who hold their shares in certificated form.

Shareholders who hold their shares in uncertificated form through CREST are expected to have their CREST accounts adjusted to reflect their entitlement to new ordinary shares on 18 September 2006.

Aside from having a different nominal value, the new ordinary shares will carry the same rights as the existing ordinary shares.

Under the terms of the proposed share buy- ack, authority is to be granted to the Directors to make market purchases of the ordinary shares of up to 10 percent of the issued share capital at a price not exceeding 105 percent of the average market price over the five previous business days.

Marchpole Holdings Plc

Must ReadView All

Pic: Dreamstime.com

Apparel/Garments | On 22nd Jan 2022

Dhaka, Berlin sign €20.15-mn pact to improve RMG workers conditions

Bangladesh and Germany have signed an agreement to support five...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

UKVFTA brings positive results to bilateral trade: Vietnamese ministry

The recently effective UK-Vietnam FTA has led to positive outcomes,...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

Cambodia approves new projects worth $1.9 bn, including 2 garment ones

The Council for the Development of Cambodia has approved 10 projects...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Occam's razor principle and purpose-driven innovations

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Ilker Hacioglu,

Ilker Hacioglu

Founded by three partners of French origin in 1988, LC Waikiki started its ...

Susan Bhaktul,

Susan Bhaktul

Established in 2000 as a liaison with the Government of India, Industree...

Aashumi Mahajan,

Aashumi Mahajan

The Luxe Maison is a premiere haute couture e-boutique established after...

Shlomzion Chen, Seevix

Shlomzion Chen

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Madison Maxey, Loomia

Madison Maxey

Loomia designs and manufactures soft circuit systems that can be produced...

Jacques Prigneaux, EDANA

Jacques Prigneaux

EDANA has been the leading global association and voice of the nonwovens...

Carmen Emanuela Popa, Label - Carmen Emanuela Popa

Carmen Emanuela Popa
Label - Carmen Emanuela Popa

<b>Carmen Emanuela Popa,</b> a Romanian fashion designer, is known for her ...

Asmita Marwa, Asmita Marwa Design

Asmita Marwa
Asmita Marwa Design

Indian fashion designer Asmita Marwa has been rated by Vogue as one of the ...

Dahlia Razzrook, Label - Dahlia Razzook

Dahlia Razzrook
Label - Dahlia Razzook

London based designer, <b>Dahlia Razook</b> known for her luxury...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments


Seasalt Limited
H;&M Hennes ;& Mauritz (Far East) Ltd
The Top Form Brassiere Manufacturing Company Limited
Vianney Textil Hogar S.A. De C.V.
Esprit Europe Services GmbH
Benetton Group
Sportmaster Ltd.
Chori Company Limited
Desigual - ABASIC, S.A.
Hela Clothing Pvt Ltd
Eastman Chemical Company
Calvin Klein
Lisa S.P.A.
Varner AS Retail
Bluestem Global Sourcing Limited
C;&A Sourcing International Ltd
Tommy Hilfiger
Lacoste (Wanchai)
Tchibo GmbH
Tory Burch Hong Kong Ltd
Grasim Industries Limited
Under Armour Global Sourcing Ltd
Groz-Beckert East Asia LLP
Gloria Jeans
IKEA of Sweden AB
Truetzschler India Private Limited
OVS Hong Kong Sourcing Ltd.
Midas Clothing Limited
Recron Polyester from Reliance Industries Limited
Rosset ;& Cia Limited
Lenzing Aktiengesellschaft
G-Star Raw C.V.
Alison Hayes Romania
Gap International Sourcing Limited
Restoque S.A.
MAS Active / MAS Kreeda / MAS Bodyline
SHAHI Exports Pvt Ltd
Green Fibre
Boardriders Asia Sourcing Limited
LC Waikiki
Sainsbury's Argos Asia Limited
Aquarelle Clothing Limited
Guess Europe Sagl,
Vardhman Textile Ltd
Sportswear Company Spa
Helly Hansen Far East Ltd
Sateri (Jiujiang) Fiber Co.,Ltd
John Varvatos
Page Industries Limited (Bangalore)
International Textile Manufacturers Federation
Reiter India Private Limited
Alix Partners
Rayonese Textile Inc., Division de Culp Inc.
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Hirdaramani International Export Private Limited
Phong Phu international JSC (PPJ)
Amazon China
Huntsman (Singapore) Pte Ltd
The LYCRA Company Singapore  Pte. Ltd
Landmark Group
NITI Aayog
Aramark Uniform ;& Career Apparel, LLC
Maceton Limited
Cat Tuong Real Estate Group Joint Stock Company
PVH Corporation
Gokaldas Exports Limited
KAS Direct Sourcing
IDH – The Sustainable Trade Initiative
Arvind Limited
Etam Group Strategy Hong Kong Limited
Chico’ FAS
Brandix Lanka Limited
J ;& P Coats
Lululemon Athletica Inc
Gatsby Africa

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search