EGSM LUG S.A. adopted the stock split
16 February 2010
EGSM LUG S.A. decided on the shares’ split in relation 1:4, lowering the nominal value of the A and B series shares from the amount of 0,04 zł to 0,01 zł, without changing the level of the initial capital. EGSM approved the resolution of 15 February this year. So far, LUG S.A. has issued in total 35 992 850 of shares, after the split a total number of shares shall amount to 143 971 400. As early as in this year, the company plans a transfer to the regulated market.
„The split of shares should significantly increase the liquidity and valuation of the shares and at the same time increase the capitalization of the company, which already now is on the level of about 52 mln zł. This is extremely important for use because in this year we intend to transfer to the main market.” – says Ryszard Wtorkowski, President of the Executive Board of LUG S.A.
„The split of shares should significantly increase the liquidity and valuation of the shares and at the same time increase the capitalization of the company, which already now is on the level of about 52 mln zł. This is extremely important for use because in this year we intend to transfer to the main market.” – says Ryszard Wtorkowski, President of the Executive Board of LUG S.A.