Independent journal on economy and transport policy
07:48 GMT+2
This page has been automatically translated by Original news
The Board di DP World plans a share consolidation
To the shareholders every will be proposed the grouping of an action 20 possessed
April 6, 2011
The board of directors of the terminalista group DP World of Dubay has announced the intention to start an operation of grouping of actions, initiative that will be subordinate to the approval of the shareholders to the shareholders' meeting of next 11 May and that every previews the grouping of an action 20 sets in action possessed. The board of directors of the terminalista enterprise has specified that the floating capital will remain pairs to 19.55%.
The Board has explained that the operation will allow to place in better way the value of the actions of DP World beside the societies of world-wide level with a profit per.share that reflects better the value of the company.
If the share operation consolidation will be approved of by the assembly, next 19 May the shareholders of DP World will currently receive a new common stock of the value of 2,0 dollars for every 20 common stocks of the unitary value of 0,1 dollars in they possession.
The board of directors has specified at last that on 19 May the value of the actions will be pairs to about 20 times the level of the value of closing of the day precedence for effect of the reduction of the number of actions in emission, that will come down gives about 16,6 billion to about 850 million sets in action.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher