9 November 2020 - share consolidation

AIM listed Xeros Technology has announced a share consolidation on the basis of 1 share for 100 in order to improve the marketability and liquidity of the shares.  At the moment the very low share price combined with the very large number of shares in issue (1.99bn at the last count) makes the share price volatile whilst deterring serious investors.  It is hoped that by reducing the number of shares by a factor of 100 these issues will be addressed.  So, someone holding 100,000 shares, currently worth £1,500, will end up with . . .

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