Cairo – Mubasher: Palm Hills Developments announced a ratio change on the Company’s Depositary Receipt (DR) program.
The company changed the ratio to become one Depositary Share (DS) representing five Ordinary Shares to one DS representing twenty ordinary shares.
The ratio change will result in a reverse stock split on the Company’s DSs on the basis of one new DS for every 4 DSs as of the close of business on 29 July, 2016.
