Ahold says it completes reverse stock split |
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Published
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Thu, 23 Aug 2007 07:06
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AMSTERDAM (Thomson Financial) - Royal Ahold NV said its reverse stock split became effective after close of trading hours of the New York Stock Exchange overnight.The reverse stock split was in the ratio 5-4 and trading in new Ahold shares with their new nominal value of 0.30 eur from a previous 0.24 will start today.Ahold added that it received confirmation that no objection has been filed against the capital repayment in connection with the reverse stock split.The date for the capital repayment of 1.89 eur per existing share is still Aug 28.Aaron Gray-Block; aaron.gray-block@thomson.comagb/lamCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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Ahold reverse stock split to take place on Aug 22; capital repayment Aug 28 