"I'd say there is a sense of urgency, the stock split
appears to be a step in the direction of getting that Hong Kong listing," Luria told CNBC.
Al khaliji, Dlala Holding and Qatar Oman Investment will implement stock split on June 10; QIIB and Alijarah Holding (June 11); QNB, Ahlibank Qatar and Islamic Holding (June 12); Qatar Islamic Bank and Doha Bank (June 13) and Masraf Al Rayan (June 16).
The consumer goods and services sector, which comprises nine constituents, has the June 17-20 window to implement the stock split.
Pursuant to the reverse and forward stock splits
, stockholders holding fewer than 250 shares of the company's common stock immediately prior to the effective time of reverse stock split
will not receive fractional shares in the reverse stock split
, but will instead have their shares cancelled and converted into the right to receive a cash payment of USD3.35 per pre-reverse stock split
Dolly (1933) surveyed managers of eighty-eight companies issuing stock splits; the finding of the survey was that the main motive for issuing stock splits is to widen the distribution base among the shareholders.
Baker et al., (1980) surveyed 100 chief finance officers on their perceptions about stock splits. The conclusion drawn from the 63 responses received was that stock splits serve to keep the stock price in an optimal range, thereby, increasing liquidity and the number of shareholders.
Stock splits, recognized in academia as cosmetic changes effected through simple accounting procedures, should not affect the future cash flows of the firm directly.
In an effort to explain both why stock splits exist and the abnormal stock price behavior surrounding their announcement, researchers have predominantly applied signaling theory and the optimal trading price range hypothesis.
Despite a volatile market during the first half of 2000, Ruettgers felt that a stock split
would create value for existing investors, while also making the stock more attractive to new investors.
are often announced along with a dividend increase.
Our study examines the relationship between stock splits
and the ownership mix of firms.
M2 EQUITYBITES-August 12, 2013-RBC Life Sciences Inc reports launch of reverse stock split
& forward stock split(C)2013 M2 COMMUNICATIONS http://www.m2.com