Amazon announced on Wednesday evening that its board of directors has approved a division by 20 of the nominal value of its share, which will lead to the creation of 20 new shares in place of an old one, an operation which will be submitted at the general meeting scheduled for May 25.
Subject to the AGM's favorable vote, each shareholder of the tech giant registered on May 27 will receive 19 additional shares for each Amazon share already held, distribution which should take place around June 3.
In addition, the board authorized the group to carry out share buybacks for up to 10 billion dollars, an authorization without a deadline and which replaces the previous one which was 5 billion, and under which it bought back for 2, $12 billion worth of stock.
Post a Comment