Spanish solar firm EiDF announces 4-to-1 stock split
EiDF solar park. Image by EiDF (www.eidfsolar.es)
Spanish solar energy firm Energia Inovacion y Desarollo Fotovoltaico SA (BME:EIDF) said on Thursday that its board had approved to execute a 4-for-1 stock split at the end of October.
The plan for the split was first announced in September following a shareholder vote as one of the moves EiDF would carry out in preparation for the listing on Spain’s main stock exchanges.
The company will issue additional stock to shareholders, turning roughly 14.5 million shares into 57.8 million after the split. The new shares will be listed on Spain’s BME Growth segment for mid-sized companies on October 31, EIDF said.
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