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has today issued 500,000,000,000 Ordinary Shares of €0.01 each

iskypeel · 2011-07-28 13:32:54

As topic. I am a newbie, I bought some AIB share of the price €0.37 a few months ago. I am worry about what will happen to the existing AIB shares after 2nd August the new ordinary share issued?

28-07-2011 1:32pm

#1

iskypeel

Closed Accounts Posts: 2 ✭

Join Date: July 2011

Posts: 1

As topic. I am a newbie, I bought some AIB share of the price €0.37 a few months ago. I am worry about what will happen to the existing AIB shares after 2nd August the new ordinary share issued?

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Comments

#2 28-07-2011 1:39pm

turbobaby

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The current share price will reflect all public information available.

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#3 28-07-2011 2:08pm

iskypeel

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Join Date: July 2011

Posts: 1

Thanks for the reply, do you mean the existing share price will go down to €0.01?

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#4 28-07-2011 2:32pm

Raskolnikov

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The €0.01 in the stock refers to something called Par Value.

See Wikipedia for an explanation - http://en.wikipedia.org/wiki/Par_value

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