FORM 6-K

                 SECURITIES AND EXCHANGE COMMISSION
                       Washington, D.C. 20549


                  Report of Foreign Private Issuer


                 Pursuant to Rule 13a-16 or 15d-16
              of the Securities Exchange Act of 1934


                         18 November 2002




                   BALTIMORE TECHNOLOGIES PLC
                      (Registrant's name)


Baltimore Technologies plc, 1310 Waterside, Arlington Business Park
         Theale, Reading, Berkshire, England RG7 4SA
             (Address of principal executive offices)


Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F

                  Form 20-F..X...    Form 40-F.....


Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

                         Yes .....   No ..X...


If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b).


                            EXHIBIT INDEX


Press Release regarding Consolidation of Shares dated 18 November 2002




  Baltimore Technologies plc announces proposed new employee share scheme and
         consolidation of Ordinary Shares through a 10:1 reverse split


London, UK - 18 November 2002 - Baltimore Technologies plc (London: BLM) today
announced that it has posted a circular to its shareholders seeking approval at
an extraordinary general meeting to be held on 16 December 2002 for a new "nil
cost" employee share scheme and a 10:1 consolidation of its ordinary shares.



Peter Morgan Chairman of Baltimore Technologies plc said:



"Baltimore already has a number of schemes based on granting options at the
prevailing market price. With the unforeseen and dramatic change in the global
equity markets, options based on a market price no longer provide a suitable
long term incentive for employees and the proposal is to create a "nil cost"
share plan open to all existing employees".



Bijan Khezri, Chief Executive of Baltimore Technologies plc commented:



"It is not only a fundamentally changed equity capital markets environment that
has prompted us to reconsider traditional option schemes.  Stakeholders must
question: what are the objectives and the future of equity-based employee
motivation, in particular for a human capital-centric business such as ours? The
objective cannot be to create a lottery ticket for employees. However, this is
precisely what many traditional option schemes have become.



Our company's performance is driven by the commitment, trust and loyalty of our
employees. Real share ownership by all our employees underpins this culture. Our
proposed scheme represents an important start, reflecting a new, refocused and
long-term oriented Baltimore Technologies, and should provide a critical element
for both strengthening our competitiveness and growing our business in the
future."



There are no proposals to increase the existing overall limit of 15% of the
issued share capital for the grant of options and all employees will be given
the opportunity to exchange their current market price based options at the rate
of 2:1 for nil cost options.



In May 2000 the Company implemented a 10:1 split in its share capital changing
the nominal value of the ordinary shares from 1p to 0.1p. At that time prior to
the split the Company's shares traded from January 2000 to May 2000 in the range
of GBP46.775 to GBP137.50. Over the past 6 months the Company's share price has
traded in the range of 3.5p to 9p and in light of this the Company is proposing
that it reverses the May 2000 10:1 split.







For further information:

Edward Bridges/Alastair Hetherington

Financial Dynamics

Tel: +44 207 831 3113







About Baltimore Technologies



Baltimore Technologies' products, professional services and solutions address
the fundamental security needs of e-business. Baltimore's e-security technology
provides companies with the necessary tools to verify the identity of
transaction partners and securely manages which resources and information users
can access on open networks.  Many of the world's leading organisations use
Baltimore's e-security technology to conduct business more efficiently and cost
effectively over the Internet and wireless networks.



Baltimore's products and services are sold directly and through its worldwide
partner network, Baltimore TrustedWorld. Baltimore Technologies is a public
company, trading on the London Stock Exchange (BLM). For more information on
Baltimore Technologies please visit http://www.baltimore.com





Certain statements that are not historical facts including certain statements
made over the course of this document may be forward-looking in nature. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause the actual results, performance and achievements of
the company to be materially different from any future results, performance or
achievements implied by such forward-looking statements.



                              SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.



                              BALTIMORE TECHNOLOGIES PLC


                              By:___/s/ Simon Enoch ___

                                 Name:  Simon Enoch
                                 Title: Secretary and General Legal Counsel


Date: 18 November 2002