Aaron Industries Sets Record Date for 1:1 Bonus Share Issue
Aaron Industries, an elevator parts and fabrication company, has declared a 1:1 bonus issue. Today is the final day to purchase shares to qualify for the bonus, with the record date set for Monday, August 25. The T+1 settlement cycle ensures that shares bought today will be eligible for the bonus. Kretto Syscon, another company, has also announced a 2:25 bonus issue with the same record date.

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Aaron Industries, a company specializing in elevator parts and fabrication businesses, has announced a significant corporate action that could benefit its shareholders. The company has set today as the final day for investors to purchase shares to qualify for an upcoming bonus issue, with the record date scheduled for Monday, August 25.
Bonus Issue Details
Aaron Industries has declared a generous 1:1 bonus issue, meaning shareholders will receive one additional share for every share they currently hold. This move is likely to increase the number of outstanding shares while potentially improving the stock's liquidity.
Important Dates
Event | Date |
---|---|
Last Day to Buy | Today |
Record Date | Monday, August 25 |
T+1 Settlement Cycle
Due to the T+1 settlement cycle currently in place, shares purchased today will be credited to investors' accounts tomorrow. This timing is crucial as it ensures that these buyers will be eligible for the bonus shares. It's important to note that any purchases made after today will not qualify for this corporate benefit, as those investors won't appear on the shareholder list on the record date.
Industry Context
Aaron Industries operates in the elevator parts and fabrication sectors, which are integral to the construction and infrastructure industries. Bonus issues are often seen as a positive signal, potentially indicating the company's confidence in its future prospects.
Another Bonus Issue in the Market
In related news, Kretto Syscon , an engineering and infrastructure solutions company, has also announced a bonus issue with the same record date. Kretto Syscon's bonus issue is structured as 2:25, where investors will receive two additional shares for every 25 shares held.
Investor Implications
For Aaron Industries shareholders, this bonus issue represents an opportunity to increase their shareholding without additional investment. However, it's important to remember that while the number of shares will increase, the overall value of an investor's holding typically remains the same immediately after a bonus issue, as the stock price usually adjusts proportionately.
Investors and potential buyers should consider their investment goals and conduct thorough research before making any decisions based on this corporate action.
Historical Stock Returns for Kretto Syscon
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+3.72% | +18.18% | -3.94% | +16.07% | +98.98% | +828.57% |