Erste Bank - bank will propose its shareholders stock split

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Investiční bankovnictví KB

      Austrian Erste Bank announced that it will propose its shareholders to approve 4-to-1 stock split on the bank’s AGM on 4 May 2004. Moreover, it will propose the AGM to approve share capital increase from bank’s reserves to round the accounting value of its shares at EUR 2. Due to this, the share capital increase will be no dilution of the current shareholders’ stakes. Erste Bank announced that the stock split intends to improve the accessibility and tradability of the bank’s shares among the retail investors.

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