tesco share consolidation date

However, based on a share price of 213.2p (being the average share price for the five days to 2 October 2020), the number of shares in issue would reduce by c.(24)%. 222.30p-1.50p -0.67%. Share price. The Tesco share price has fallen heavily in the last three days, as the impact of the share consolidation takes root. If you hold your shares in the Tesco Share Account (TSA), your New Ordinary Shares will be deposited into your TSA and you will receive a TSA statement. Tesco’s share consolidation & special dividend. Last week, Tesco announced a special £4.99bn dividend following the sale of its Asian arm last year. Tesco announces £5 special dividend, share consolidation. It also made a one-off contribution of £2.5bn to the Tesco Pension Scheme. 15 March 2021 at close Tesco completed the £8.2bn sale of its Asian businesses in Thailand and Malaysia on 18 December 2020. The share consolidation was 15 new shares for every 19 previously held, and the value of the special dividend was 50.93p per share. Tesco special dividend and share consolidation February 2021 Tesco has declared a special dividend of 50.93 pence per share following their divestment of their Malay and Thai operations. It intends to pay out the proceeds through a special dividend and share consolidation of £5bn. The news lifted Tesco shares close to what they were before COVID-19 struck. Analyst data collated by the Financial Times now shows an average median price target of 288p. Shareholders had voted with an overwhelming 98% majority to consolidate Tesco stocks into 7.731 million shares. At the top end, some forecasts predict the Tesco share price will increase 29% to 315p by the end of 2021. The special is to be paid on February 26th to shareholders of record on February 12th (Friday). Tesco shareholders are set for a multi-billion-pound windfall after Britain’s biggest retailer agreed a deal to sell its supermarket arms in Thailand and Malaysia. Specifically, for every 19 existing shares, investors will receive 15 new shares. Tesco Lotus Food Waste Data 2019/20 ... the General Meeting concerning the proposed payment of a special dividend and an associated share consolidation was held at 10.30am on Thursday, 11 February 2021 at our Welwyn Garden City campus with the minimum quorum of shareholders present. As per a recent announcement, Tesco PLC will consolidate its existing ordinary shares and pay a special dividend to its shareholders. Please refer to Section 11 of Part II (Further Details of the Special Dividend and Share Consolidation) of the Circular for further information. After the payment of the special dividend, Tesco will run a share consolidation scheme, whereby shareholders receive 15 “new” shares for every 19 “old” shares that they own. February 12, 2021 @ 12:26 +03:00. The precise impact on the share base cannot be predicted now as it depends on the share price at the time of the consolidation. The impact of this consolidation has seen the Tesco share price falling 5.4% […] Assuming a share price of … The Circular sets out full details of the proposed Special Dividend and associated Share Consolidation and also contains a notice convening a general meeting of the Company to be held at Tesco PLC, Heart building, Shire Park, Welwyn Garden City, Herts, AL7 1TW at 10.30 a.m. on 11 February 2021 (the "General Meeting "). Calculate the value of your latest dividend.