Shareholders' Meeting Approves to Split MMX's Common Shares
April 07 2008 - 9:56PM
Marketwired
RIO DE JANEIRO, BRAZIL (Bovespa: MMXM3) (TSX: XMM) pursuant to
article 157 of Law 6,404/76 and CVM Instruction 358/02, hereby
announces that, as per the minutes of the Company's Extraordinary
Shareholders' Meeting, held on April 7, 2008, the shareholders of
the Company present at the Meeting unanimously and with no
restriction, approved the split of the Company's common shares in
the proportion of 20 (twenty) shares for each existing share.
The Company's shareholders registered as of April 7, 2008 shall
be entitled to receive the shares resulting from such split, which
shares shall be credited on April 11th, 2008.
The Company informs that, in accordance with the referred share
split, it has requested the CVM (Braziilian Securities and Exchange
Commission) to carry out the respective change in the proportion
between its common shares and its Global Depositary Receipts
("GDRs"), in the context of its Level I GDR Program. Consequently,
each of the Company's common shares, which previously corresponded
to 20 (twenty) GDRs, shall correspond to 1 (one) GDR, and
therefore, there will be no issuance of new GDRs.
For additional information please contact ri@mmx.com.br.
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