E.B. Creasy goes for sub division of shares

E.B. Creasy and Company PLC this week resolved to sub divide its shares on the basis of one existing share to 100 shares to improve liquidity.

The move will increase the number of shares in issue from 2.53 million to 253.5 million without effecting any increase to the Stated Capital of the Company.

The increased shares will not be entitled to the proposed first and final dividend of Rs. 18 per share for the year ended on 31 March to be declared at the AGM scheduled for 30 December.

The sub division move is subject to shareholder approval at an EGM.