As a GUS shareholder, what is the effect on my holding following the Burberry demerger?
The demerger of Burberry from GUS became effective on 13 December 2005 , and at the same time GUS underwent a share consolidation. In terms of the demerger, for every 1,000 GUS shares held at that date the shareholder received 305 Burberry Group shares. The remaining share capital of GUS was then consolidated with the nominal value of the shares changing from 25p to 29 3/43p. As a consequence, GUS shareholders received 860 new consolidated GUS shares of nominal value 29 3/43 pence each for every 1,000 old GUS Ordinary shares of nominal value 25 pence each previously held. Please note that this involved the issue of new ordinary share certificates of 29 3/43p, to replace the old 25p share certificates, which have now become valueless. In summary 1000 GUS ordinary 25p shares held at the record date of 13 December 2005 is now equivalent to 860 GUS ordinary 29 3/43p shares plus 305 Burberry Group shares.
Related Questions
- What is the effect of the Burberry demerger and the GUS plc share consolidation on 13 December 2005 on GUS plc shareholders at that date?
- What is the effect of the Burberry demerger and the GUS share consolidation on 13 December 2005 on GUS shareholders at that date?
- As a GUS shareholder, what is the effect on my holding following the Burberry demerger?
