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Return of Capital Melrose January 2014


Under the Melrose plc Return of Capital and associated Share Capital Consolidation, Shareholders will receive:


  • One B Share or one C Share for every Existing Ordinary Share held on the B/C Share Record Date; and
  • 11 New Ordinary Shares for every 13 Existing Ordinary Shares held on the Share Capital Consolidation Record Date.


For more information see: http://www.melroseplc.net/media/news-releases/2014/proposed-return-of-capital-to-shareholders/


Shareholders will have three alternatives in relation to their B/C Share Entitlement. The following explains how to use timetotrade to enter the Capital Gains option and not the Income option. If the Income option is selected, the enter the share consolidation on the existing shares only and then enter the return of capital as a dividend.


Go to your timetotrade portfolio and click on the 'share reorganisation' as illustrated:


Melrose Return of Capital January 2014 1.png


Enter the date of the Share Reorganisation which was the 7th of February 2014 in this example:


Melrose Return of Capital January 2014 2.png



Select Melrose from the list of shares (MRO.L), then click on the 'submit' button:


Melrose Return of Capital January 2014 3.png



Select 'Capital Reorganisation' from the list of options, then click on the 'submit' button:


Melrose Return of Capital January 2014 4.png


Enter the details for the 11:13 share consolidation of the existing shares, and the new B or C shares that have been issued. On the date of the reorganisation the Melrose shares where worth £3.48 and the B/C shares where valued at 47 pence, and these prices are used to apportion the cost between the shares after the reorganisation. In this example a return of cash to the value of £1.50 has been included to reflect the disposal of fractional shares, which may or may not be applicable. Please ask your broker to confirm the value of the shares on the date of the reorganisation in order to correctly apportion cost, and change the £3.48 to the value the broker provides.


Melrose Return of Capital January 2014 5.png


When the share reorganisation has been entered, the existing share holding will be adjusted and the new shares added:


Melrose Return of Capital January 2014 6.png


When the B/C shares are disposed off, enter them as a normal share transaction.


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The information and data provided is for educational and informational purposes only. Interpretation and use of the information and data provided is at the user's own risk. All information and data on this website is obtained from sources believed to be accurate and reliable. However, errors or omissions are possible due to human and/or mechanical error. All information and data is provided "as is" without warranty of any kind. We make no representations as to the accuracy, completeness, or timeliness of the information and data on this site and we reserve the right, in its sole discretion and without any obligation, to change, make improvements to, or correct any errors or omissions in any portion of the services at any times. Past performance is not a guarantee of future results. Trading carries a high level of risk to your capital and can result in losses that exceed your deposits. It may not be suitable for everyone so please ensure you fully understand the risks involved.


All services are provided by Mercor Index Ltd. TimeToTrade is a trading name of Mercor Index Ltd (a company registered in England and Wales under number 9479466). Our Registered address is 1st Floor, Aldermary House, 10-15 Queen Street, London, EC4N 1TX. Mercor Index Ltd is authorised and regulated by the Financial Conduct Authority number 679941.


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