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.