T-Technologies Announces Massive Stock Split to Attract Retail Investors
T-Technologies PJSC has revealed plans for a major stock split aimed at broadening its investor base. The company will increase its total shares from 268 million to 2.68 billion, reducing the nominal value of each share from 3.6 rubles to 36 kopecks. Announced in early February, the move is designed to make shares more accessible to retail investors.
The stock split will not alter T-Technologies' market capitalisation or its quarterly dividend payments. Shares showed minimal movement after the announcement, trading at 3,373.6 rubles—a slight dip of 0.3%—by midday in Moscow.
The split's completion is set for the eighth business day following regulatory approval of the share issuance changes. Alongside this, the company plans to consolidate up to 100% of Tochka Bank's shares through a closed subscription. This deal, expected to wrap up in autumn 2026, will require final approval at the June 2026 shareholder meeting. Existing shareholders of Tochka Bank and Catalytic People—a joint venture between T-Technologies and Interros—are anticipated to benefit from the consolidation.
The stock split and consolidation efforts reflect T-Technologies' push to expand ownership and streamline its banking interests. Once finalised, the changes will take effect after regulatory and shareholder approvals, with no immediate impact on dividends or overall market value.
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