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Article: Banco Santander Central Hispano ('BSCH') Announces Redenomination of Shares, Increase of Nominal Value and 2:1 Stock Split.
- Article from:
- PR Newswire
- Article date:
- June 2, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MADRID, Spain, June 2 /PRNewswire/ -- Banco Santander Central Hispano ("BSCH") announced today that effective June 12, 1999, it would:
-- redenominate the nominal value of its shares from Spanish Pesetas to
Euros in accordance with the official exchange rate for Euros (166.386
pesetas per Euro), resulting in an approximate share capital of Euros
1,267,523,145.04 and a nominal value of approximately Euros 0.69 per
share;
-- increase its share capital by Euros 566,373,428.96 against