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The Coca-Cola Company Message Board

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  • huytran7382 huytran7382 Aug 13, 2012 2:39 PM Flag

    For All The Dumb Split Answers

    If I buy after July 27th, am I still entitle for stock split? Thanks

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    • Yes, providing you bought no later than August 10th and held until today.

    • no

      The record date for the stock split is expected to be July 27, 2012, with new shares expected to be distributed on or about Aug. 10, 2012. Each shareowner of record on the close of business on the record date will receive one additional share of common stock for each share held.

      • 2 Replies to neilgrund
      • You're wrong, neilgrund, and the quote you posted in your next post proves you're wrong. Read this part again, this time more carefully: "Shares sold in the market at the "regular way" price will receive full value for the shares sold and the seller is not entitled to the split shares they will receive by virtue of their being holders on the record date. Therefore, the split shares are transferred to the buyers by means of "due bills"."

      • http://www.thecoca-colacompany.com/contactus/faq/stock-split-faq.html#9



        What happens if I sell my shares of stock after the record date and before the payment date (distribution date)?

        We've been advised by the New York Stock Exchange that beginning as early as two days before the record date (July 25 th ) through the payment date (August 10 th ), two separate markets for common stock of The Coca-Cola Company will trade on the NYSE. The "regular way" market, traded under the ticker symbol "KO", will continue to trade at the higher, pre-split price. Shares sold in the market at the "regular way" price will receive full value for the shares sold and the seller is not entitled to the split shares they will receive by virtue of their being holders on the record date. Therefore, the split shares are transferred to the buyers by means of "due bills".

        Shares may also be purchased or sold at the lower post-split price through a "when issued" market, traded under the ticker symbol "KOWI". The "when issued" price is approximately one-half of the regular pre-split price, to reflect the pending two-for-one split. "When issued" trading ceases after the market closes on the distribution date.

        If shares are sold at the lower "when issued" price, the seller is normally entitled to receive the stock split shares on the shares sold. If shares are purchased at the "regular way" price, the purchaser is normally entitled to receive the stock split shares. If shares are purchased at the "when issued" price, the buyer is not normally entitled to receive the stock split shares.

        Please consult with your broker for more information on the two separate markets. If you are a participant in the Computershare Investment Plan, all shares sold and purchased between record date and payment date will be purchased or sold at the "regular way" price and subject to the "due bill" process.

 
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