This Tuesday is the last day that Altri shares are eligible for reward under the Greenvolt Initial Public Offering (IPO), which runs until July 8 of next year. From tomorrow, the bonds of the paper company will no longer provide access to dividends and the ability to receive shares from the new listed company.
In addition to the announcement made on July 2, Altri announced that “the shares representing its share capital will be traded on Euronext Lisbon without a conditional distribution, which was announced on July 2, 2021 from July 7, 2021 (inclusive), so The last day of trading on the stock exchange in Altri shares with a conditional distribution right is July 6, 2021, ”the message says. release sent to the Portuguese Securities Market Commission.
In other words, those who do not own Altri shares and intend to purchase securities in order to be able to access the Greenvolt IPO through a distribution conditional on the completion of a transaction aimed at shareholders will have to do so within today. Otherwise, you will no longer be eligible for this reward.
Initially, the company insisted that anyone holding shares by the end of July 8, the date when the “booking period” ended, would have access to the proposed payment, but the company was expecting this deadline for two days.
Altri announced last week that he would be distributing dividends of 10 cents per share, as well as give a new listed share to each enterprise holding more than 55 paper shares… In total, Altri plans to distribute 20.5 million euros in kind and cash to shareholders in accordance with message sent to CMVM (Securities market commission).
The cash dividend, that is, the GreenVolt shares that Altri will distribute to the shareholders, will be a maximum of 3,750,000 or 5% of the shares representing the share capital and voting power of Greenvolt, the housewife recalls.
The company also reiterated that “the effective completion of this distribution is contingent on the preliminary completion of a process leading to the admission to trading on the regulated Euronext Lisbon market of all shares representing Greenvolt’s share capital and the date on which the distribution will be communicated to ALTRI on 13 July 2021.” …
Also in the same attachment aired late yesterday afternoon, the papermaker reported that ” Date of recording set for 8 July 2021 will have 17:00 (GMT, Interbolsa systems closing time) as a benchmark instead of 23:59 (GMT) mentioned earlier. ” The price at which the shares of the new listed company will begin trading will be announced on Friday, July 9th.
Altri shares have risen in price on the stock exchange – they have risen by 3.9% and 3.6% in the last two sessions – since the confirmation of this payment last Friday, but today bonds continue to decline by 0.18% to 5,635 euros.
Professionals have access to an IPOFor small investors, buying Altri shares is the only way to get involved in the Greenvolt IPO, as the deal is for qualified investors. However, in addition to institutional investors, also private bank clients with the status of a professional investor can participate in the operation.
According to CMVM, “Professional investors are those who have the experience, knowledge and knowledge to make investment decisions and properly assess the risks to which they are exposed.”
Professional investors can be considered professional investors who ask their financial intermediary to be recognized as such, provided that they fulfill certain requirements, such as carrying out transactions with significant volume in the market or having a portfolio of financial instruments with significant volume. …
Non-professional investors will only be able to trade Greenvolt shares after their debut in the stock market, which is expected to take place on July 13th.
The subscription period lasts until July 8, with the indicative price of new shares ranging from € 4.25 to € 5, but the final offering price (known next Friday) may be higher or lower, depending on demand.
