Capital Increase

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Hello,
My name is George and I'm trying F.M. in Greece.
I have this problem.

For example I have 100 shares at June 3.
(Closing price 100$).
The company decides for a capital increase
for old shear holders and gives 1 new shares
for every 5 old at 30$ each beginning at June 4th.

Is this the correct way?
Reinvested Distribution at June 4th: 20 * 30 = 600$.
New Shares: 120

So far so good. But the old price
(June 3 and going back)
is not adjusted as it does with a split.

It should be changed to something like this:
round ( ( 100 + 30/5 )* 5/6 ) = 88

I am doing something wrong or what?

Thanks
George

Replies:

• Re: Capital Increase Mark 08:31:49 6/04/99 (2)
  • Re: Re: Capital Increase George 00:23:16 6/05/99 (1)
    • Re: Re: Capital Increase Mark 09:40:01 6/05/99 (0)