Soilbuild Construction proposes four-to-one stock split after 313% year-to-date rise
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Soilbuild Construction announced a proposed four-to-one stock split after a 313% rise in share price this year. The split aims to increase share affordability, market liquidity, and broaden the shareholder base. An extraordinary general meeting to vote on the proposal is set for Jan 5. The split will increase shares from 165.5 million to about 661.9 million, with no change in total value for shareholders. Soilbuild cited improved market outlook and strong financial performance as reasons for the price rise.
Source: Businesstimes The copyright of this article belongs to the original author/organization.
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