PARIS – The board of Hennes & Mauritz AB will propose a two-for-one stock split at its annual general meeting on April 29, whereby each of its existing shares will be divided into two new shares in a move designed to make it more appealing to investors.
Stock splits traditionally occur when a company’s share price has been steadily rising. Shares in H&M are up 41 percent since the beginning of the year on the Swedish stock exchange, and were up 0.3 percent at 440.20 Swedish krona, or $61.18 at current exchange rates, in morning trading.
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