What are the consequences for my (dematerialized) shares on a bank account after the split of the ordinary share ?
On 29 February 2008, all Umicore shares on a bank account will automatically be multiplied by five and the ISIN Code (BE0003626372) replaced by the ISIN Code of the new shares, with an entitlement to future dividends. These new shares will be the only ones tradable on the Eurolist of Euronext Brussels as from February 29, 2008. These new shares will each have TWO voting rights. Consequently, the voting potential of the ordinary shares (10) will remain unchanged (5 x 2). Nothing has to be done by the shareholders; the financial institutions will automatically take care of the stock split on 29 February 2008.
Related Questions
- My neighbour shares responsibility for repairing/unblocking a drain but is refusing to share the costs, what can I do?
- How does a stock split affect the number of shares outstanding and the future calculation of earnings per share?
- What average price per share was used to determine the number of shares I received?