Thndr Claps » EGY Claps » EGX 🔔 » Egytrans announces 5-to-1 stock split ➗
Egytrans (ETRS) announced a 5-to-1 stock split, reducing the par value of each share from EGP 5 to EGP 1.
Companies split their shares looking to reduce the price/share, which attracts more investors to hold the stock. Stock splits also increase the trading’s liquidity by adding more outstanding shares.
Egytrans’ outstanding shares will increase from 31.21 million shares to 156.06 million shares beginning 27 April, 2022, with the company’s capital remaining at EGP 156.06 million.
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