Following the share split
, the company's board of directors plans to change its quarterly dividend from CAD0.125 to CAD0.0625 per share for each of the Class A shares and Class B shares held.
The effects of the share split
will be reflected in the company's share price from 18 June 2019.
The Company will use the direct registration system ("DRS") to electronically register the Common Shares issued pursuant to the Share Split
, rather than issuing physical share certificates.
Any and all other matters necessary for the share split
shall be resolved at meetings of the Board of Directors hereafter.
BSS said the share split
would enable it to increase market liquidity following the rise in its share price in recent months.
Mr Ounstead said, 'We believe that a share split
will increase liquidity by making our shares more affordable and accommodate investors who are deterred by the current price level.'
He said it would propose a share split
- increasing the number of shares by reducing their value.
Topps added it planned to announce proposals for a share split
, increasing the number of shares by reducing their value.
Following the company's 2 for 1 share split
he held 52 million shares.
Prompted by its high share price, at the end of January HI effected a 10-for-1 share split
. Its shares fell from trading in the e90s to trading in single figures, making it a more negotiable share.
Rumours of a sensational sell-off spread after Tottenham Hotspur Plc launched a five-for-one share split
M2 EQUITYBITES-June 12, 2019-Troax Group decides on record date for 3:1 share split