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PAL-373/22 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 changes required by the mentioned procedure, which will apply to Stock Exchange Members on 27 October 2022 and 28 October 2022:
- The files with trades (proviz.bts) for Exchange Members will contain data on quantities and prices as entered into the Xetra T7® trading system. Therefore, on 27 October 2022 and on 28 October 2022, the data about concluded trades with PETG shares in the Xetra T7® system (data before applying the splitting ratio) and CRVP system (data after applying the splitting ratio) will differ.
- On the Stock Exchange website, all data will be displayed "in their original form" (before the splitting ratio). Adjustments to PETG shares trading data due to share split process will be displayed on the Stock Exchange website from 2 November 2022 onwards.
We would like to remind all Exchange Members that on 27 October 2022 and on 28 October 2022, when allocating transactions concluded via a joint account, they must also take into account the splitting ratio.
Due to a share split, the Exchange will automatically remove all orders with PETG shares from the Xetra T7® system on Friday, 28 October 2022, after the end of trading. All members are thus called upon to coordinate the status of their orders in the trading system as of Wednesday, 2 November 2022.
Due to the expected adjustment of the market price, also a significant change of a Tick Size for the PETG share is expected to occur on Wednesday, 2 November 2022 that will be adapted in accordance with the table of the Delegated Regulation (EU) 2017/588, which is published on the following website: https://ljse.si/en/tick-size-regime/114.
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.
Should you have any questions, you can contact us on:
Ljubljana Stock Exchange
Date: 25.10.2022 |
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