The decision to perform a stock split on SBM Offshore shares has impacted on ABN Amro's Netherlands-listed Turbo products linked to the shares. The changes will be active as of today.
The proportion of the split involves one old share becoming four new shares. The effect on the certificates is that the number of certificates will be multiplied by four, the implied financing and the value are divided by four. Also the stop loss level and ISIN codes will be adjusted.
A similar stock split affected the Turbo’s related to Unilever on 22 May with the ratio 1:3. A ‘reverse stock split’ was applied to Corus shares on 15 May, with the ratio 1:5.
These products can be found in Continuous Product (The Netherlands).
