Share Split at a ratio of 1:2 will be carried out on 26 June 2015
/ Business activities / Financial figures / Capital market / Press Release
Vienna, 19 June 2015 - The split of PORRâs share at a ratio of 1:2 will be carried out on Friday, 26 June 2015 at the Vienna Stock Exchange at the start of trading. The share split, which was approved by PORRâs AGM on 3 June 2015, has been entered into the commercial register by today, Friday 19 June. As a result, the number of shares doubles from 14,547,500 to 29,095,000 individual share certificates. At the same time, the price of PORRâs share will be converted to half of the previous day's quote on 26 June 2015 (at the start of trading) by the Vienna Stock Exchange.
An additional share for every PORR share in possession will be automatically credited to shareholders' accounts on 26 June 2015. They don't have to do anything to prompt this. Depository banks are invited to carry out the crediting of the shares out of the share split without charging the customers.
With this share split, PORR AG intends to facilitate the tradability of its shares and to increase their attractiveness, especially for retail investors.
The share split will not effect PORR's share capital which will remain unchanged at EUR 29,095,000. Thus, each share's proportionate amount of the share capital is EUR 1.00.