Linc Stock Split and Bonus Shares: Record Date Announced! - Read Now
Linc Limited declares a 2:1 stock split and 1:1 bonus shares, with December 20 as the record date. The stationery company aims to enhance shareholder value with these corporate actions. Discover the details of Linc stock split and bonus shares.
Linc Limited, a leading stationery manufacturer, has announced a 2:1 stock split and a 1:1 bonus share issue, delighting its shareholders with a double boost. The record date for these corporate actions has been set for December 20, 2024. Here's everything you need to know about the Linc stock split and bonus shares.
About Linc Limited
Linc Limited, formerly known as Linc Pen & Plastics Limited, is a prominent manufacturer of writing instruments with operations in over 50 countries. The company offers an extensive range of products, including ball pens, gel pens, roller pens, pencils, and more.
In addition to its own product line, Linc is the exclusive importer and distributor of renowned brands like Uni-ball from Mitsubishi Pencil Co., Japan, and Deli, Asia’s largest stationery company. With its focus on innovative products and packaging, Linc has established itself as a trusted name in the stationery industry.
Linc Stock Split Details
Linc Limited has announced a 2:1 stock split, where each equity share of Rs 10 will be split into two equity shares of Rs 5.
As stated in the company’s exchange filing:
“Sub-division/split of each equity share of face value of Rs.10 into two equity shares of Rs.5 each, subject to shareholder approval.”
This stock split is aimed at increasing liquidity and making the stock more affordable for investors.
Linc Bonus Shares Details
In addition to the stock split, Linc Limited has declared a 1:1 bonus issue, meaning shareholders will receive one fully paid-up equity share of Rs 5 for every existing equity share of Rs 5 they hold.
According to the exchange filing:
“The issue of Bonus Shares in the ratio of 1:1 to eligible equity shareholders by capitalization of securities premium, subject to shareholder approval.”
The Linc bonus shares are expected to enhance shareholder value by rewarding existing investors and attracting new ones.
Record Date for Linc Stock Split and Bonus Shares
The company’s board has set Friday, December 20, 2024, as the record date for both the stock split and bonus shares.
The record date is critical as it determines which shareholders are eligible for these corporate actions. Investors holding shares of Linc Limited on or before December 20 will qualify for the benefits. Those purchasing the stock after the record date will not be entitled to the stock split or bonus shares.
Why This Matters for Shareholders
These corporate actions are designed to:
- Enhance Liquidity: The stock split will increase the number of shares in circulation, making them more affordable for retail investors.
- Boost Investor Confidence: The bonus issue serves as a reward for existing shareholders, signaling the company’s strong financial health.
- Attract New Investors: With a lower share price post-split and the added appeal of bonus shares, Linc Limited aims to broaden its investor base.
Current Market Performance of Linc Limited
As of December 13, 2024, Linc Limited’s share price stands at Rs 690.35, giving the company a market capitalization of Rs 1,026.71 crore. The stock has garnered attention for its consistent performance and promising growth prospects in the stationery sector.
What to Expect After the Record Date
Post record date, the share price of Linc Limited will adjust to reflect the stock split and bonus shares. The overall value of an investor’s holdings will remain unchanged, but they will hold a greater number of shares.
For example, if an investor owns 10 shares of Linc Limited before the record date, they will hold:
- 20 shares after the 2:1 stock split.
- 20 additional shares from the 1:1 bonus issue.
Thus, the investor will own a total of 40 shares post-corporate actions.
Also Read: Tata Motors Split: Share Price Target for 2025 and Demerger Insights
