CIC Holdings goes for sub division of shares

CIC Holdings PLC has announced a sub division of voting and non-voting shares on the basis of 1 into 4.

The number of voting shares prior to sub division is 72.9 million and post it will be 291.6 million. Non-voting at present amounts to 21.87 million and post sub division it will be 87.48 million. The move which will require shareholder approval, will not change the stated capital of the company.