DP World share consolidation gets green light

DP World shareholders have approved a 1 for 20 share consolidation to “better reflect the value of the company”.


DP World stressed that “there should be no change in value for shareholders as a result of the consolidation and treatment of fractions”.


The share consolidation will take place prior to the commencement of trading on 19th May 2011.


DP World said in a statement that it anticipates that the share price on that day will be approximately 20 times the level of the previous night’s close to adjust for the reduction in the number of shares in issue.
(Source:http://www.portstrategy.com)