Sterling Investments, an investment holding company managed by Sterling Asset Management has announced a five for one stock split effective November 27.
The split was approved by Sterling shareholders at the Extraordinary General Meeting held on October 8.
In a stock split, the number of shares is increased while the underlying value of the total shares remains the same.
This means that as of the record date, holders of ordinary stock units in Sterling Investments will see each existing share converted to five shares.
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