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Special conditions


Please note that the percentage change in a company's share price on the first day of trading immediately following a corporate action is calculated against the official closing price of the London Stock Exchange (i.e. not compared against a rebased price)

Bid Situation
This security is currently engaged in a bid situation, whether hostile or otherwise.  

Capitalisation Issue
The issue by a company of new shares which do not require any payment to be made by the shareholder. This has the effect of making the company's shares more marketable because of the increased number available and the lower market price. A Capitalisation Issue is the same as a Bonus Issue and Scrip Issue.  

Consolidations
When a company reduces the number of shares it has in circulation by consolidating its share capital e.g. shareholders would receive 1, 50p share for every 2, 25p shares held.

Entitlement Issue (Open Offer)
Shareholders are given the right to subscribe for the new fully paid share. The new shares are not issued in nil paid form, therefore they do not exist in that form, and cannot trade in nil paid form.

Ex
When a stock or dividend is issued by a company it is based upon an "on register" or "record date". However, to create a level playing field when shares are traded on the London Stock Exchange during this benefit period an "ex" date is set. Before this "ex" date if shares are sold the selling party will need to pass on the benefit or dividend to the buying party.

XC - Ex Capitalisation
Trading has previously commenced "ex" capitalisation on this stock.

Ex Capitalisation Today
Trading has commenced "ex" capitalisation on this stock today.

XD - Ex Dividend
Trading has previously commenced "ex" dividend on this stock.

Ex Dividend Today
Trading has commenced "ex" dividend on this stock today.

XR - Ex Rights
Trading has previously commenced "ex" rights on this stock.

Ex Rights Today
Trading has commenced "ex" rights on this stock today.

XL - Ex Liquid
Trading has previously commenced "ex" liquidation payment on this stock.

Ex Liquid Today
Trading has commenced "ex" liquidation payment on this stock today.

ES - Ex Stock
Trading has previously commenced "ex" stock distribution on this stock.

Ex Stock Today
Trading has commenced "ex" stock distribution on this stock today.

XP - Ex Repayment
Trading has previously commenced "ex" repayment on this stock.

Ex Repayment Today
Trading has commenced "ex" Repayment on this stock today.

EO - Ex Other
Trading has previously commenced "ex" a benefit on this stock.

Ex Other Today
Trading has commenced "ex" a benefit on this stock today.

Ex Stabilisation
Stabilisation is operating on the market in this security.

Ex Stabilisation Today
Stabilisation is operating on the market in this security today.

Rights Issue
An invitation to existing shareholders to purchase additional shares in the company.

Scheme Of Arrangement
A non-optional event proposed by a company on its share capital.

Security Suspended
This security has been suspended from trading by the Exchange.

Stabilisation
A stabilisation may occur after a new issue in accordance with FSA rules. It will entail the stabilising manager buying shares in the market to counter selling pressure in the initial market. This stabilisation period must be fully disclosed by way of a daily notice and last for a maximum of 30 days

Subdivisions
When a company increases the number of shares it has in circulation by subdividing its share capital e.g. shareholders would receive 2, 25p shares for every 1, 50p share held.

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