The extraordinary general meeting of shareholders held today approved a split of the unit value of the share to increase the total number of shares without altering the capital figure.
We have increased our share price more than tenfold since our first day trading on the BME Growth in December 2010 (€2.72 per share). The announcement of the split means dividing the current share price—€29.40 at the date of the meeting—by ten , which represents a return to the values at which the company began trading.
"Altia's solid track record has led the Board of Directors to consider it necessary to provide greater liquidity to the stock, whose unit price is currently high. This is done without altering the capital figure, increasing the total number of shares outstanding, facilitating the entry of new investors to join the current ones, and thus increasing the shareholder base, a key factor in achieving greater liquidity."
“Getting back to square one in terms of our listings 12 years later is an exciting and enormous challenge for the organization, one we face with the utmost energy, responsibility, and enthusiasm.”
Constantino Fernández · President of Altia Group
The possible increase in the number of shareholders and daily trading volume will facilitate, as a second objective, the transition from the BME Growth Single Price Fixing trading method ("fixing"), where the exchange of shares only occurs at two points in the session, to the General Trading method ("continuous trading"), where the exchange of shares is continuous throughout the session, thus avoiding the rigidity and inconveniences in the quotation of the first of the methods.
With this announcement, our share capital remains fixed at €137,563.70 and is represented by 68,781,850 shares with a par value of €0.002 each.
