Ft. Lauderdale, FL 6/18/2010 08:50 PM GMT (TransWorldNews)
Urbana Corporation (TSX: URB.A) has announced that on June 15, 2010, the Chicago Board Options Exchange (CBOE) has started its first day of trading as a public entity on the NASDAQ Exchange. Today is the CBOE’s actual day of demutualization, the issuance of its public shares and the dividend payout.
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At the time of CBOE’s initial public offering, Urbana held 25 CBOE memberships. Each membership received a $100,000 cash dividend and 80,000 restricted shares, held of which will be locked up for 6 months and the remainder locked up for 1 year. Urbana also sold 240,000 shares into the IPO at the $29/ share issue price.
Urbana Corporation invests across the exchange sector, from cash markets to derivatives and from private, mutually owned exchanges, to those which are publicly traded.
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