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Oasis stock split to be implemented on Sunday
ABU DHABI — Oasis International Leasing yesterday informed the Abu Dhabi Securities Market (ADSM) that its EOGM's decision of 10-1 stock split resulting in par value of Dh1 per stock will be implemented on Sunday, of May 13, 2007.
As per the rules and regulations of ADSM, the trading of Oasis shares will halt on Thursday, May 9 and will remain suspended on Sunday, May 13. Trading of the stock with the split price of Dh1 per share will commence on Monday, May 14, 2007.
The EOGM also approved the proposal to restructure Oasis Leasing and modify its name to Oasis Capita which will be the parent company under which companies specialising in providing financial services such as financing, leasing and investing will operate.
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