Cemex to split shares on July 1

Cemex to split shares on July 1
Published: 27 June 2005

Cemex said on Friday it will carry out a planned share split to boost liquidity on July 1.   Cemex shareholders approved the two-for-one share split at a meeting in April.  Under the move, stockholders will receive two new Certificate of Ordinary Participation, or CPO -- divided into two series "A", and one series "B" -- for each CPO now held.   The split is expected to drive down the price of company shares traded on the Mexican stock market.