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Location Sciences Group Plc ( (GB:SORT) ) has issued an update.
Sorted Group Holdings Plc has announced a proposed share capital reorganisation to address the issue of its current share price being below the nominal value of its ordinary shares. The reorganisation involves subdividing each existing ordinary share into a new ordinary share and a deferred share with limited rights. This move is intended to create a lower nominal value for each ordinary share, allowing the company to issue new shares at a price below the previous nominal value. The reorganisation will not change the number of ordinary shares held by shareholders but will result in the issuance of new ordinary shares and deferred shares. The changes will take effect following the Annual General Meeting scheduled for 25 September 2025, with the new ordinary shares set to commence trading on AIM on 26 September 2025.
More about Location Sciences Group Plc
Sorted Group Holdings Plc operates in the delivery experience sector, supporting retailers in enhancing delivery experiences and analyzing post-purchase performance. The company provides solutions that enable customers to easily track parcel deliveries and is trusted by major retailers like Asda and M&S to differentiate customer purchase experiences.
Average Trading Volume: 34,502
Technical Sentiment Signal: Sell
Current Market Cap: £3.06M
Find detailed analytics on SORT stock on TipRanks’ Stock Analysis page.