((. . The consolidation also includes Warants . . . oh dear .... ))
From their RNS:-
...The Board of Corsie Group plc (the "Company"), the AIM listed specialist in the
assembly and sale of the products and services to the leisure market, is
pleased to announce that it is today posting a circular to its shareholders
convening a general meeting (the "General Meeting") of shareholders at which a
consolidation of the Company's existing ordinary shares on the basis of 1 new
ordinary share of 2 pence each for every 20 existing ordinary shares of 0.1
pence each is proposed. 20 warrants will therefore need to be exercised in
order to receive 1 new ordinary share at a subscription price of 60 pence. This
consolidation requires a very slight increase in the issued share capital of
the Company to arrive at a figure that is exactly divisible by 20.
. . . (continues).

Another director bites the dust, wasn't CEG a hot tip on watshot dot com!!

KPMG Restructuring was appointed yesterday as joint administrators of the Corsie Group, a week after the former Commonwealth gold medallist Richard Corsei announced his resignation from the company.

Eight employees will be made redundant from the company, based in Haddington, near Edinburgh, which has an annual turnover of 3.9m, according to The Herald.

KPMG said the Corsie Group had suffered from cash flow pressures, stemming partly from difficult trading conditions and a write down in stock levels.

The joint administrators are currently examining the company's affairs, although it is too early at this stage to confirm the likely outcome for creditors, it said.