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FHB pushes ahead with stock split

The Budapest City Court has registered a decision approved by Land Credit and Mortgage Bank Rt (FHB) shareholders in April to reduce the face value of FHB stocks. In line with the decision, all ordinary and preference shares of a Ft 1,000 face value will be exchanged for ten new stocks of Ft 100, face value on June 14. The last day of trading with the new shares will be June 8, with transactions settled in Ft 100 shares starting the next day. The conversion of the stocks does not affect shareholders.