Lucas Industries Plc, the aerospace and automotive components manufacturer that is in process of acquiring project management software specialist Metier Management Systems Ltd from Lockhed Corp, accompanied half-time figures (below) with proposals to subdivide the existing UKP1 shares into four shares of 25 pence nominal and to issue free warrants to shareholders on the basis of one warrant for every 10 shares held. The warrants will entitle holders to subscribe for one new share at 180 pence equivalent to 720 pence before the split – for every 10 shares held at six monthly intervals from June 1993 to June 1995. The shares fell a penny to 620 pence on the figures and announcement.
