I have 1000000 shares in NWD which have now been consolidated. My Brokers letter tells me;
The new ordinary shares of 10p have been subdivided into 1 new ordinary share of 1p and 10 deferred shares.
What is the 10 deferred shares about? How do they work? Are they worth anything,Why have I got them, I would be grateful if someone could give me the information with regards to "deferred share"