Austria's EVN To Carry Out Stock Split April 17

Austrias EVN To Carry Out Stock Split April 17
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Πεμ, 10 Απριλίου 2008 - 03:52
Regional Austrian utility EVN AG (EVNV.VI) Thursday said an earlier announced stock split will take place April 17.
Regional Austrian utility EVN AG (EVNV.VI) Thursday said an earlier announced stock split will take place April 17.

EVN's stock will be split at a ratio of 4 for 1, in order to facilitate more shareholder-friendly trading of the shares, the company said in a statement.

As an accompanying measure, the share capital will be increased by EUR200 million, to EUR300 million, EVN said.

In the course of the stock split, every shareholder will receive three additional non-par value bearer shares for every share in his or her possession.

The transaction will be handled by Bank Austria AG (BACA.VI), a division of Italy's UniCredit S.P.A. (UC.MI), EVN said.

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