Mar 2022 Financial News

Massy Holdings Ltd. - Listing of Shares - 20:1 Stock Split

Mar 08, 2022

On March 01st 2022, MASSY advised that its Board of Directors fixed March 11th, 2022 as the effective date (Record Date) on which the subject share split will be effected and the date for the determination of shareholders who will be entitled to have each ordinary share held by them converted into twenty (20) ordinary shares.

In light of the above, 1,880,415,313 Ordinary Shares of Massy Holdings Ltd. were listed on the Stock Exchange on Tuesday 08th March, 2022 and will become effective on Wednesday 09th March, 2022, thus increasing the Company’s issued share capital to 1,979,384,540 Ordinary Shares, but only become available for trading from Monday 14th March, 2022.

The price of the security would also be adjusted consistent with the 20:1 share split ratio, thus reducing the share price from $106.00 to $5.30 per share, based on MASSY’s closing price as at March 08th, 2022. The TTSE hereby advises that the aforementioned split in price will be effected on the automated trading platform, effective Wednesday, 09th March 2022.

The Trinidad and Tobago Stock Exchange Limited
Monday 8th March, 2022