Image: Scharinger
For shareholders, this means that the number of shares in the portfolio doubles and the total market value remains the same. For each share, the shareholders receive additional shares, the number of which doubles to 70,614,600. The share capital remains unchanged at EUR 105,921,900.
As of August 1, each share will account for a proportionate amount of the share capital of EUR 1.50. The booking is made automatically. The bank emphasizes that the split will make the share easier to trade. Oberbank general director Franz Gasselsberger emphasizes that this is now being done because of the good price development.
Source: Nachrichten
