Vertical collapse on the Stock Exchange for the Rcs Mediagroup share, which in the middle of the morning lost 9,42% in Piazza Affari, at 3,864 euros per share, after having touched a low for the session of 3,770 euros.
To drag down the quotations of the publishing group It's the reverse stock split operation that kicked off today, an operation which provides for the grouping of the 732.669.457 existing ordinary shares into 109.900.416 new shares. The ratio will therefore be three new ordinary shares held for every 20 shares.
As explained by the company in a press release, at the end of the transaction the share capital will be equal to 139.250.009 euros, divided into 109.900.416 ordinary shares and 29.349.593 savings shares Category A.
