Source data
Acquisition, consolidation and separation milestones
Sources checked
- 29 March 2018Government response
Five-year commitment to maintain GKN R&D investment at its then-current level Source 1
- 19 April 2018Melrose obtains control
About 85% of GKN share capital acquired for £7,091 million at the control date Source 2
- By 30 June 2018Remaining interest acquired
About 15% acquired for £1,260 million after control Source 2
- 19 April 2023Share consolidation record
One new Melrose share per three old shares Source 3
- 20 April 2023Dowlais separation completed
Automotive, Powder Metallurgy and Hydrogen transferred to Dowlais Source 4
The April 2023 records separate the share consolidation from the distribution of Dowlais shares.
Acquisition, consolidation and separation milestones
The example applies the 2023 terms to a holding divisible by three. The circular describes separate handling of fractions.
| Source | |||
|---|---|---|---|
| 29 March 2018 | Government response | Five-year commitment to maintain GKN R&D investment at its then-current level | Source 1 |
| 19 April 2018 | Melrose obtains control | About 85% of GKN share capital acquired for £7,091 million at the control date | Source 2 |
| By 30 June 2018 | Remaining interest acquired | About 15% acquired for £1,260 million after control | Source 2 |
| 19 April 2023 | Share consolidation record | One new Melrose share per three old shares | Source 3 |
| 20 April 2023 | Dowlais separation completed | Automotive, Powder Metallurgy and Hydrogen transferred to Dowlais | Source 4 |