20:1 STOCK SPLIT – MASSY HOLDINGS LTD. (MASSIVE)
March 01st 2022, MASSY has announced that its Board of Directors has set March 11and2022 as the effective date (record date) on which the stock split in question will be effected and the date for determining which shareholders will be entitled to have each ordinary share held by them converted into twenty (20) ordinary shares.
In view of the foregoing, 1,880,415,313 Ordinary Shares of Massy Holdings Ltd. were listed on the stock exchange on Tuesday 08and March 2022 and will come into force on Wednesday 09and March 2022, thus increasing the issued share capital of the Company to 1,979,384,540 Ordinary Shares, but only become available for trading from Monday 14and March 2022.
The stock price would also be adjusted in accordance with the 20:1 stock split ratio, thereby reducing the stock price from $106.00 to $5.30 per share, based on MASSY’s closing price at March 08.and2022. The TTSE hereby advises that the aforementioned price split will be performed on the Automated Trading Platform, effective Wednesday 09and March 2022.
Market Operations Department
Trinidad and Tobago Scholarship Limited
Massy Management Ltd, published this content on March 08, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on March 08, 2022 17:12:02 UTC.