Thursday, July 5, 2007

Barloworld to issue sub-divided stock to shareholders

(Reuters) - South African industrial group Barloworld will distribute 1.8555 PPC subdivided shares for every one ordinary share held by its shareholders, it said on Thursday.

The share subdivision follows plans by Barloworld to spin-off subsidiary Pretoria Portland Cement Company Ltd. (PPC), which the firms have previously said would be done by July 16, subject to regulatory approvals.


Read more at Reuters Africa

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