This is the TimeToTrade help wiki. Use the TimeToTrade Trigger Trading Technology™ to execute your trades when Price, Candle Stick, Trend Line, Volume and Technical Analysis chart conditions are met - no coding required. Trade directly in the world’s global markets. Backtest your Trading Strategies. Calculate your UK HMRC Capital Gains Tax liabilities. Manage your Investment Club.
At the Extraordinary General Meeting held on 21 December 2005, shareholders approved a resolution which approved a 7 for 2 share consolidation (i.e. for every three and a half shares they currently hold, shareholders will receive one new share) conditional on the Return of Cash to shareholders.
As detailed in the Circular to shareholders issued in November, the Return of Cash and related Share Consolidation are expected to take place in the first quarter of 2006. The exact timing of the Return of Cash and related Share Consolidation will be notified by an announcement on RNS. That announcement will also set out the record date for the entitlement to the Return of Cash and the Share Consolidation and give the date on which dealings in the shares (ex-dividend and post share consolidation) are expected to commence.
The total amount of the Return of Cash is equivalent to approximately 71% of the market capitalization of Marconi at the close of business on 24 November 2005, the last practicable trading date prior to the date of posting of this document. The effect of the Share Consolidation will be to reduce the number of Ordinary Shares in issue by approximately the same percentage. The purpose of the Share Consolidation, amongst other things, is to ensure that (subject to normal market movements) the market price of each New Ordinary Share is approximately the same as the market price of each Existing Ordinary Share (thereby allowing comparability in earnings per share and share prices with prior financial periods).
Every seven of the issued and unissued Ordinary Shares with a nominal value of 25 pence each will be consolidated into two New Ordinary Shares with a nominal value of 87.5 pence each.
As a consequence of the Share Consolidation, if you hold less than four Existing Ordinary Shares in Marconi Corporation plc at the time the proposed Share Consolidation takes effect, you will not receive a New Ordinary Share. You will instead receive the cash proceeds of the sale of your fractional entitlement.
If you hold four or more Existing Ordinary Shares at the time the Share Consolidation takes effect, you will receive at least one New Ordinary Share. You will also receive the net cash proceeds of the sale of any fractional entitlement.
We are aware that many Shareholders will, if the Share Consolidation takes place, receive a very small number of New Ordinary Shares. We have made arrangements for Shareholders who hold Ordinary Shares and, if applicable, Warrants, if they choose, to donate their Ordinary Shares or Warrants to charity via ShareGift, the charity donation scheme (registered charity 1052686).
It has never been easier to execute your trading strategy. Our Trigger Trading Technology ® means you can now automatically execute your trades directly in the world’s global markets.
You need never miss a trading opportunity again!
Do you want to:
- buy when your technical analysis chart conditions are met? Really buy, not just get an email or sms alert?
- or sell when a support trend line is broken?
- or back-test your strategy going back as far as 30 years?
TimeToTrade's Trigger Trading Technology™ is truly game changing. It gives you a trading advantage. The power to take your trading to a new level.
Open a FREE TimeToTrade account today to:
- Trade UK, US and European Shares - apply now
- Execute trades when your Price, Candlestick, Trend Line, Volume and Technical Analysis chart conditions are met using the Trigger Trading Technology® - learn more - help video
- Email and SMS Trigger Trading™ Alerts - learn more
- Trade Off The Chart - learn more
- Back Test Trading Strategies with up to 30 years of historical data - learn more
- Create Simulated Trading Accounts to test your Trigger Trading™ Strategies - learn more
- Real time Forex, UK, European and US stock market data - learn more
- 170+ Technical Analysis and Candlestick Pattern Indicators - learn more
- All the tools you need to set up and run a successful investment club - learn more
- Manage your Portfolio and calculate UK HMRC Capital Gains liabilities and SA 108 CGT Tax Returns - learn more
- Create Trading Competitions for you and your friends - learn more
- Apply for a trading account today to get the Live Account Features - apply now
Apply now to try our superb platform and get your trading advantage.
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 TigerWit Limited. TimeToTrade is a trading name of TigerWit Limited (a company registered in England and Wales under number 9479466). Our Registered address is TigerWit, 7th Floor, Augustine House, 6A Austin Friars, London, EC2N 2HA, England. TigerWit Limited is authorised and regulated by the Financial Conduct Authority number 679941.
The trading services offered by TigerWit Limited are not available to residents of the United States and are not intended for the use of any person in any country where such services would be contrary to local laws or regulations. Subscriptions to TimeToTrade products are available if you are not eligible for trading services.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading spread bets with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. All clients should be aware that trading involves risk.