Bureau Veritas share split in four
The nominal value of Bureau Veritas shares is to be divided by four on June 21, 2013. This stock split was preceded by an increase in the share capital, said in the company's press release.
The Bureau Veritas share price has enjoyed sharp growth since its flotation, rising 131% between October 24, 2007 (EUR 37.75) and June 17, 2013 (EUR 87.1). This performance reflects the Group's rapid growth with a doubling in earnings and near-doubling in revenue and headcount over 2007-2012. With the nominal value split in four, the Bureau Veritas share price valuation will stand closer to average share prices of listed companies in the Euronext Paris SBF 120 index. Bureau Veritas aims to continue diversifying and extending its shareholder base.
Shareholders are therefore set to receive four new shares for one old one. The Bureau Veritas share price is to be automatically split in four when the Euronext Paris market opens on June 21, 2013.
This operation will have no impact for shareholders given that the value of their portfolio will remain unchanged. The operation is to be undertaken with no costs, formalities or loss of rights for shareholders.
