Dimco EGM approves split

358 views
1 min read

The Extraordinary General Meeting of Dimco (DES) held on October 24, 2007 approved unanimously the resolution to proceed with a stock split whereby the Company’s nominal capital, which amounts to CYP4,050,000 divided into 40,500,000 shares of nominal value 10 cents each be split to 81,000,000 shares of nominal value 5 cents each.
According to the resolution above, 1 bonus share will be issued for every existing share.
It is noted that the cum-dividend date will be Wednesday, October 31, 2007.
From the next business day (November 1, 2007), the shares will trade in the CSE with their new nominal value, which is 5 cents each. The new shares will start trading at a date to be announced by the CSE.