Spanish building materials and insulation manufacturer Uralita was scheduled to carry out a capital split on 14 June 2004, in order to triple the number of shares. The total value of the capital would…
Spanish building materials and insulation manufacturer Uralita was scheduled to carry out a capital split on 14 June 2004, in order to triple the number of shares. The total value of the capital would not be affected. According to information provided by the company to the Spanish Stock Market Commission on 8 June 2004, the agreements adopted at the board meeting on 26 May 2004, which included the share split, were filed with the Chamber of Trade and Industry in Madrid on 8 June 2004. The result of the operation is the tripling of the number of Uralita shares to 197.49 million; the face value of each EUR 2.16 share would be divided by three to become EUR 0.72, leaving the total capital unchanged. Shareholders would suffer no change either to their rights or to the percentage of shares held. The split was due to be carried out at the beginning of trading on 14 June 2004.