Pristine Capital PLCLSE: PRIS

Pristine Capital: Update on Capital Reorganisation

· Issued by Pristine Capital PLC via RNS

Summary by 6ix AI

Pristine Capital PLC, a cash shell company listed on the London Stock Exchange's Main Market, updated the timing of its capital reorganisation: every 100 existing ordinary shares held at the record date of 6.00 p.m. on October 29, 2026 will be replaced by one new 1 pence ordinary share and 100 deferred shares of 0.99 pence each.

Key details

  • Immediately after the reorganisation, the company will have 1,607,241 consolidated ordinary shares and 160,724,100 deferred shares in issue; the deferred shares carry no vote, so total voting rights will be 1,607,241. The company holds no shares in treasury.
  • Shareholders holding fewer than 100 existing ordinary shares at the record date will not receive any consolidated ordinary shares, and amounts of less than £3.00 from fractional entitlements will be kept by the company.
  • The deferred shares will carry very limited rights, will not be listed or traded on any market and generally cannot be transferred. The consolidated ordinary shares carry the same rights as the existing shares, with new identifying codes ISIN GB00BVLCTC60 and SEDOL BVLCTC6; the ticker stays PRIS.
  • Electronic (CREST) accounts will be credited with the new shares on October 30, 2026, and share certificates for certificated holders will be sent by November 13, 2026. Shareholders do not need to take any action.
  • The company has applied to the Financial Conduct Authority, the UK markets regulator, to restore the listing of its ordinary shares, which remain suspended; the reorganisation does not depend on that restoration.

What’s still pending

  • The capital reorganisation is expected to become effective on October 30, 2026.
  • Restoration of the listing of the company's shares is still pending with the Financial Conduct Authority, with timing to be updated later.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/update-on-capital-reorganisation

Pristine Capital PLC
28 October 2026
 

28 October 2026

PRISTINE CAPITAL PLC

("Pristine" or the "Company")

Update on Capital Reorganisation

Pristine Capital Plc (LSE: PRIS), the Main Market cash shell, announces an update on the timings for the implementation of the Capital Reorganisation, further to its announcement on 27 October 2026. Capitalised terms used but not defined in this announcement have the meanings given to them in the circular to Shareholders dated 9 October 2026 (the "Circular"), a copy of which is available on the Company's website at www.pristinecapitalplc.com.

Under the Capital Reorganisation, every 100 Existing Ordinary Shares held at the Record Date will be replaced by one Consolidated Ordinary Share of 1 pence and 100 Deferred Shares of 0.99 pence each. Immediately following the Capital Reorganisation, the Company will have 1,607,241 Consolidated Ordinary Shares and 160,724,100 Deferred Shares in issue.

The Record Date for the Capital Reorganisation will be 6.00 p.m. on 29 October 2026 and the Capital Reorganisation is expected to become effective on 30 October 2026. CREST accounts will be credited with Consolidated Ordinary Shares on 30 October 2026 and definitive share certificates for the Consolidated Ordinary Shares (certificated holders only) will be dispatched by 13 November 2026.

The Consolidated Ordinary Shares will carry the same rights as the Existing Ordinary Shares and will have the ISIN GB00BVLCTC60 and SEDOL BVLCTC6. The TIDM will remain as PRIS. The Deferred Shares will carry very limited rights, will not be listed or admitted to trading on any market and will not be transferable other than in accordance with the New Articles.

Shareholders holding fewer than 100 Existing Ordinary Shares at the Record Date will not be entitled to any Consolidated Ordinary Shares. Fractional entitlements arising from the Consolidation will be dealt with as set out in paragraph 7 of the Letter from the Chairman in the Circular, save that amounts of less than £3.00 will be retained by the Company. Shareholders are not required to take any action in connection with the Capital Reorganisation., inter alia, including restoration of the listing and of trading in the Consolidated Ordinary Shares

Restoration of listing

The Company has applied to the Financial Conduct Authority for the restoration of the listing of its ordinary shares, which remain suspended. Further updates on the timing of restoration will be provided in due course. The Capital Reorganisation is not conditional on restoration of the listing.

Total Voting Rights

With effect from the Capital Reorganisation becoming effective, the Company’s issued share capital will comprise 1,607,241 Consolidated Ordinary Shares of 1 pence each and 160,724,100 Deferred Shares of 0.99 pence each. The Deferred Shares carry no right to vote. The Company will not hold any shares in treasury. The total number of voting rights in the Company will therefore be 1,607,241.

The above figures may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA’s Disclosure Guidance and Transparency Rules., inter alia, including restoration of the listing and of trading in the Consolidated Ordinary Shares

Enquiries

For further information please visit www.pristinecapitalplc.com or contact:

Pristine Capital plc

Neil Sinclair, Executive Chairman

Tel: +44 (0)7785 226666

Allenby Capital Limited (Broker)

Nick Naylor / James Reeve (Corporate Finance)

Amrit Nahal (Sales and Corporate Broking)

Tel: +44 (0)20 3328 5656

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 

Pristine Capital PLC on 6ix

Earlier from Pristine Capital

All Pristine Capital news releases