Nov 2019 Financial News

The West Indian Tobacco Company Limited - 3:1 Stock Split

Nov 25, 2019

On November 15th 2019, WCO advised that the Board of Directors of the Company fixed November 28th, 2019 as the effective date (Record Date) on which the subject share split will be effected and which will be the date for the determination of shareholders who are entitled to have each ordinary share held by them converted into three (3) ordinary shares.

The stock split would result in an increase in the number of ordinary shares of WCO from 84,240,000 to 252,720,000. The price of the stock would also be split by three, thus reducing the share price from $104.94 to $34.98 per share. This price change was based on the WCO’s closing price as at November 25th, 2019.

The TTSE hereby advises that the aforementioned split in price will be effected on the automated trading platform effective Tuesday, 26th November 2019.


Source:
The Trinidad and Tobago Stock Exchange Limited
Monday 25th November, 2019