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General

Masmovil approves 5:1 share split

Monday 3 December 2018 | 10:45 CET | News
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The board of directors of Spain's Masmovil group has unanimously approved a proposal to split the company's shares in a proportion of five to one. As a result, the company's capital stock will be divided from 24 million into 120 million newly-issued shares. The EUR 2.4 million share capital will remain unchanged but the face value of each share will be reduced from EUR 0.10 to EUR 0.02, said the company in a statement to markets regulator CNMV. The split will take effect on 13 December.

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Categories: General
Companies: Masmovil
Countries: Spain
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