Ljubljanska borza, d. d., Ljubljana
Split of shares CICG
As a result of a share split of the shares with the short code CICG of the issuer Cinkarna Celje, d.d., Celje, the number of shares of the issuer in the Xetra T7® trading system will change on 16 August 2022 under a suspensive condition, namely the number will increase from 807,977 no-par shares to 8,079,770 no-par shares. The Stock Exchange will verify the fulfillment of the suspensive condition on the day of the increase in the trading system (16 August 2022) and notify the public.
The issuer has provided the Stock Exchange with the information on the record date that is set for performing the share split, which is Friday, 12 August 2022. This means that the first trading day after the share split of the CICG shares in the ratio of 1: 10 will be Tuesday, 16 August 2022.
The execution of a share split will not require a temporary suspension of trading with CICG shares. The splitting ratio (1: 10) will be taken into account when settling transactions concluded on 11 August 2022 and 12 August 2022 in order to enable trading on the Ljubljana Stock Exchange to run smoothly when the CICG share split will be carried out. This means that on 11 August 2022 and on 12 August 2022 trading with CICG 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 data in such a way that for each concluded transaction, the quantity will be multiplied by the multiplier of the splitting ratio (10), and the exchange price will be divided by the multiplier of the splitting ratio (10).
We would like to especially draw your attention to the specifics and changes in the trading regime with shares CICG in the following days:
- On 10 August 2022 will be the last day when trading and settlement of trades will remain unchanged.
- On 11 and 12 August 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 (1:10). 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 16 August 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 10). LJSE will delete all orders entered before this date, consequently the order book at the start of trading on 16 August will be empty.
Ljubljana Stock Exchange