Rightmove hit by credit crunch?

Not sure what to make of this, but the company's shares are trading relatively stable today which would seem to indicate that it's really no big deal - at least to the City. But according to the just released investor note, Rightmove PLC is planning to form a new parent company in order to reduce "the nominal value of the share capital" and to "increase the Group's distributable reserves." These reserves will be available for "the declaration of future dividends and other returns of capital including share buybacks."
Now I really don't know the ins and outs of the above statement, but any reduction of 'nominal share value' for whatever reason would make me nervous or at least slightly edgy if I were an investor or stakeholder. The question is timing. Why now? Why the need for a new company or corporate structure now? The proposed changes are subject to Court and Shareholder approval. Hopefully these questions and a lot more will be answered at that time