PUMA sets date for 1:10 share split
Sports company PUMA has set June 10 as the date for its 1:10 share split, following approval by the company’s shareholders and regulatory clearance.
Starting June 10, each existing shareholder will therefore receive nine additional shares for each share they already own. It is expected that the price per share will adjust accordingly.
PUMA’s management has decided to initiate the stock split to make the shares more accessible to retail investors in order to further diversify its shareholder base.
The relevant changes to the articles of association were registered with the local court (Amtsgericht) in Fürth on May 23, 2019.
