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PAL-359/22 Ljubljanska borza, d. d., Ljubljana Split of shares PETG
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Company: |
Petrol d. d., Ljubljana |
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Address: |
Dunajska cesta 50, 1000 Ljubljana |
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Market segment: |
Prime Market |
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Ticker: |
PETG |
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ISIN code: |
SI0031102153 |
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CFI code: |
ESVUFR |
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Current no. of shares: |
2,086,301 |
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Additional no. of shares: |
39,639,719 |
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New no. of shares: |
41,726,020 |
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Date of increase on the Stock Exchange Market: |
2 November 2022 (subject to the suspensive condition) |
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Suspensive condition: |
Execution of split of shares in the central registry of dematerialised securities (KDD d. o. o.). |
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Reason: |
Split of shares |
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Splitting ratio: |
1 : 20 |
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Record date for the split of shares in the register of shareholders: |
28 October 2022 |
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New minimum quote size of liquidity provider for PETG shares: |
600 lots (as of 2 November 2022 inclusive) |
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Prospectus: |
The issuer has used the exemption from the publication of the prospectus in accordance with the EU Regulation 2017/1129 on the prospectus. |
Specifics in trading with PETG shares on the Ljubljana Stock Exchange due to share split
The execution of a share split will not require a temporary suspension of trading with PETG shares. The splitting ratio (1: 20) will be taken into account when settling transactions concluded on 27 October 2022 and 28 October 2022 in order to enable trading on the Ljubljana Stock Exchange to run smoothly when the PETG share split will be carried out. This means that on 27 October 2022 and on 28 October 2022 trading with PETG shares will be conducted normally, with the quantity of shares and the respective prices valid before the share split. Only for the purposes of ensuring correct settlement of concluded transactions the Ljubljana Stock Exchange will provide KDD the data in such a way that for each concluded transaction, the quantity will be multiplied by the multiplier of the splitting ratio (20), and the exchange price will be divided by the multiplier of the splitting ratio (20).
We would like to especially draw your attention to the specifics and changes in the trading regime with shares PETG in the following days:
- The 26 October 2022 will be the last day when trading and settlement of trades will remain unchanged.
- On 27 and 28 October 2022 trading will be unchanged, but settlement of trades concluded on those dates will be settled in accordance with the split ratio. Stated otherwise, there will be no changes in publicly available information regarding share price, orders or trades, but trades will not be settled as concluded and shown, their price per share and quantity of shares will be adjusted (1:20). This will in no way affect the economic substance of concluded trades, same share of the issuer’s capital will be exchanged for the same price.
- On 2 November 2022 trading and settlement will begin in accordance with the new regime. Number of shares on the market will be increased, with the price lowered (divided by 20). LJSE will delete all orders entered before this date, consequently the order book at the start of trading on 2 November 2022 will be empty.
As of 2 November 2022 the minimum quote size for liquidity providers for PETG shares increases in line with the splitting ratio from 30 to 600 lots due to the split of shares. Ljubljana Stock Exchange
Date: 25.10.2022 |
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