Shareholders of Stationery and Office Supplies seem set to enjoy the benefit of splitting existing stock into nine ordinary shares for each they own to take effect and will result in the total number of shares jumping from 250.12 million units to 2.251 billion effective on July 25.
To accommodate the split, shareholders will be asked to vote on a resolution to be tabled at the company’s annual General meeting of July 25 to effect the split and will also be asked to vote to increase the number of shares to 500 billion units, with effect from July 25.
The shares of SOS that hit a record high of $34.98 on Wednesday closed at $33.89 on Thursday on the Junior Market of the Jamaica Stock Exchange.
SOS to split stocks into 9 units
June 22, 2023 by