A company has 100 000 ordinary R1 shares and is valued at R100 000. This valuation is seen as too low a price per share by the company. The company therefore completes a 10 for 1 share consolidation. After the corporate action, which of the following statements is most accurate?

Shareholders will have fewer shares and their percentage ownership will change

Shareholder will have fewer shares, their percentage ownership will not change and they will have the same rights

Shareholder will have fewer shares, their percentage ownership will change and they will have the same rights

Shareholder will have fewer shares, their percentage ownership will not change and they will not have the same rights