Porsche to split stock into 10 shares on March 3

Newswire

FRANKFURT, Feb 25 (Reuters) - Germany's Porsche Automobil Holding SE will carry out its stock split on March 3 after gaining investor approval at its annual general meeting late in January, the company said on Monday. "On Monday, March 3, 2008, the company's stock exchange listing shall be reorganised at a ratio of 1:10. Therefore, the price per share is a tenth of its previous value because one old share shall be replaced by 10 new shares," it said. Porsche shares were little changed at ...

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