Dutch-based Rodamco Europe plans to split its shares on a ratio of four new shares for one existing share to boost liquidity and 'make the share more accessible for private investors'.
Dutch-based Rodamco Europe plans to split its shares on a ratio of four new shares for one existing share to boost liquidity and 'make the share more accessible for private investors'.
Rodamco Europe's share price stood at EUR 103.50 at the close of trading on 26 January, approximately four times the price of the average share traded on the Euronext AEX index in Amsterdam. ' After the split, the Rodamco Europe share will trade at approximately EUR 25.88 (based on 26 January closing price), which is more in line with that average,' the company said.
Rodamco Europe describes itself as the largest publicly listed property investment and management company in the retail sector in Europe.
