I thought that would be the case, just wanted to double check. What about my second question?
I assume we’d get the cash value back for the surplus?
I thought that would be the case, just wanted to double check. What about my second question?
I assume we’d get the cash value back for the surplus?
Yes any amount of shares than can’t be divided by 20 (so 19 maximum) you will get the cash amount of their value back.
I’ll be able to average down rather than up if this carries on. Hopefully get to add a few more before consolidation day
So with the confirmation that its a cross listing on ASX and AIM, have @Freetrade_Team decided if they are going to have the new Greatland Resources company available to investors?
Look about 10 or 11 messages up I copied and pasted what freetrade have said.
Roger do you know what the message was from free trade about Greatland Gold as I have 69 shares. I got the message but it disappeared. Cheers Arthur
Monaz do you know what the message was from free trade about Greatland Gold as I have 69 shares. I got the message but it disappeared. Cheers Arthur
Message from freetrade re changes ahead.
Hi Roger
Important update on your investment in Greatland Gold plc:
Greatland Gold plc has announced a reorganisation via a scheme of arrangement.
Under the terms of the scheme, shareholders of Greatland Gold plc are expected to receive 1 new Greatland Resources Limited share in place of every 20 Greatland Gold plc shares held as at market close on 19 June 2025.
The scheme was approved by the shareholders at the General Meeting held on 12 May 2025.
The scheme is expected to become effective on 20 June 2025.
If you hold less than 20 shares you will not become a shareholder of Greatland Resources Limited and you will receive a cash payment in respect of your fractional share entitlement.
New Greatland Resources Limited shares are expected to be received on 23 June 2025 and we will credit them to your portfolio as soon as practically possible following receipt. On the effective date, you will not be able to trade your Greatland Gold plc shares until we issue the new Greatland Resources Limited shares to your account.
You do not need to take any action, we will be in touch after we receive an update.
Kind regards,
Phoebe
Freetrade Team
What he said
Monaz do you know what the message was from free trade about Greatland Gold as I have 69 shares. I got the message but it disappeared. Cheers Arthur
Here is the message I have sent it to via a message too I assume this is the message you are asking about ?
Important update on your investment in Greatland Gold plc:
Greatland Gold plc has announced a reorganisation via a scheme of arrangement.
Under the terms of the scheme, shareholders of Greatland Gold plc are expected to receive 1 new Greatland Resources Limited share in place of every 20 Greatland Gold plc shares held as at market close on 19 June 2025.
The scheme was approved by the shareholders at the General Meeting held on 12 May 2025.
The scheme is expected to become effective on 20 June 2025.
If you hold less than 20 shares you will not become a shareholder of Greatland Resources Limited and you will receive a cash payment in respect of your fractional share entitlement.
New Greatland Resources Limited shares are expected to be received on 23 June 2025 and we will credit them to your portfolio as soon as practically possible following receipt. On the effective date, you will not be able to trade your Greatland Gold plc shares until we issue the new Greatland Resources Limited shares to your account.
You do not need to take any action, we will be in touch after we receive an update.
Kind regards,
So you will end up with 3 shares for the 60 plus a few pence back for the other 9. Make sense ?
UK-based investors can subscribe for shares via RetailBook, with a minimum subscription of £250.
Anyone feel like it going to be .15 for consolidation. Seem to be floating around that area for a little period now.
It does seem to have found a range doesn’t it I suppose the consolidation price depends how much they ask for shares in the share offer coming up around the consolidation.
It’s certainly looking that way, might even get to 16p if we’re lucky
Given how today’s activity has been, if it keeps trending this way into next week we might potentially see 20p before consolidation. (Probably being a bit hopeful here, I’m an optimist)
But it’s nice to think about the potential.
Also given the information about the target being upped a little bit gives me some hope.
Does look more hopeful. Looking forward to end of month on this one.
I seem to have been pleasantly wrong about it having found a range.