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2 clusters · 6 sources · 4 days · First seen · Last updated

Sonatel stock split implementation

Overview

Sonatel proposed a 10-for-1 stock split to increase accessibility for individual investors by lowering the entry barrier for smaller portfolios. While the move does not change the company’s total market value, economists noted that its success in promoting broader participation on the BRVM would depend on low transaction costs.

Shareholders subsequently approved the split during an extraordinary general meeting. The plan will replace each existing share with 10 new shares, increasing the total number of shares from 100 million to 1 billion while maintaining a share capital of 50 billion FCFA. The final trading of shares under the old nominal value is scheduled for October 23, 2026, with the split taking effect on October 26, 2026.

Entities

Sonatel · BRVM · Fundação Getulio Vargas · Gustavo Pessoa

Timeline

  1. [BUSINESS] 4 sources
    Sonatel shareholders approve 1-for-10 stock split

    Sonatel shareholders approved a 1-for-10 stock split to increase share accessibility, raising total shares to 1 billion by October 2026.

  2. [BUSINESS] 2 sources
    Sonatel proposes 10-for-1 stock split to increase accessibility

    Sonatel plans to implement a 10-for-1 stock split by late October, a move intended to make shares more accessible to small-scale investors on the BRVM.

Sources

africtelegraph.com · financialafrik.com · lejecos.com · neocontinent.com · senenews.com · sonatel.com