Amendment of the Articles of Association – stock split
The Board proposes to carry out a stock split to achieve a more appropriate trading price, as the Board assumes this will contribute to increased liquidity in the share. It is proposed that each share is split into 8 new shares, such that the nominal value of the shares is changed from NOK 1 to NOK 0.125 and the total number of shares is increased from 5,460,000 to 43,680,000.
The Board proposes that the AGM passes the following resolution:
“Each of the Company’s shares is split into eight new shares. The Company’s Articles of Association section 4 is amended to:
'The company’s share capital is NOK 5,460,000, divided into 43,680,000 shares, each with a par value of NOK 0.125.
The company’s shares shall be registered with the central securities depository Euronext Securities Oslo (VPS).'.“
They want more movement for the share and a stock split is coming (1:8). So one share will soon be eight shares! MAGIC. I think this was done surprisingly quickly, considering the Delliant share is only about 20 euros a pop. Is there a bit of a “let’s quickly do something soon” vibe in the air? ![]()
I’m still following Mangofirma™ with mouth watering. The product is solid and the company’s performance has been impressive; let’s see what the future holds.