Mercantil´s Class “A” and Class “B" shares are listed on the Caracas Stock Exchange since 1947.
- Class “A” shares (MVZ.A): entitle the holder to one vote at any general shareholders meeting.
- Class “B” shares (MVZ.B): entitle the holder to 1/10 votes at any general shareholders meeting, but only for the purposes of appointing the Principal Statutory Auditor and its Alternate and for the approval of Financial Statements submitted by the Board of Directors.
Mercantil’s shares are also traded over the counter market through a Level 1 American Depositary Receipts (ADR) program. Class “B” shares are traded since 1996 and Class “A” shares are traded since 2006.
Each Mercantil ADR has a 1:4 ratio. Their tickers are MSFZY for Class “A” and MSFJY for Class “B”. Mercantil’s Depository Bank is JPMorgan Chase Bank.
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Mercantil’s Stock Performance
"Caracas Stock Exchange: MVZ A & MVZ B
Level 1 ADR's: MSFZY y MSFJY"
Year Ended |
Jun. 30
2011 |
Jun. 30
2011 |
Dec. 31
2010 |
Dec. 31
2009 |
Dec. 31
2008 |
Dec. 31
2007 |
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US$4 |
bolívars |
bolívars |
bolívars |
bolívars |
bolívars |
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Earnings per share1 |
1,85 |
7,95 |
21.82 |
7.95 |
9.53 |
7.96 |
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Closing Price 2 |
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Class A share |
7,83 |
33.60 |
29.50 |
18.50 |
17.53 |
31.00 |
Class B share |
7,86 |
33.72 |
29.50 |
18.50 |
17.53 |
33.00 |
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Market price / Earnings per share 1 |
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Class A share |
|
4.2 |
1.4 |
2.3 |
1.8 |
3.9 |
Class B share |
|
4.2 |
1.4 |
2.3 |
1.8 |
4.1 |
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Book value per share 3 |
20,83 |
89.35 |
83.17 |
47.50 |
39.56 |
32.77 |
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Market price / book value 3 |
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Class A share |
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0.4 |
0.4 |
0.4 |
0.4 |
0.9 |
Class B share |
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0.4 |
0.4 |
0.4 |
0.4 |
1.0 |
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Number of outstanding shares |
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Class A share |
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59,450,035 |
59,496,176 |
59,733,553 |
60,092,098 |
60,335,793 |
Class B share |
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42,830,470 |
42,860,312 |
42,992,256 |
43,275,460 |
43,645,654 |
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Daily Average Traded Volume (Shares) |
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Class A share |
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5.098 |
9,159 |
26,289 |
16,095 |
43,299 |
Class B share |
|
2.952 |
5,899 |
32,049 |
6,476 |
6,792 |
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Paid Dividends |
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In stock (new shares for each share held) |
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- |
- |
- |
- |
2 for each 5 |
In cash (Bs. per share) |
|
2.68 |
1.50 |
1.36 |
1.02 |
0.78 |
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Cash dividends for the year / Market price (%) |
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Class A share |
0.62 |
8.0 |
5.1 |
7.4 |
5.8 |
2.5 |
Class B share |
|
7.9 |
5.1 |
7.4 |
5.8 |
2.4 |
(1) Calculated based on weighted average shares issued minus repurchased shares adjusted by stock dividend and by the conversion of 10 previous common shares to 1 new common share.
(2) Recalculated, considering stock dividend paid in May 2007, to facilitate price comparison for the periods reported.
(3) Calculated based on outstanding shares issued minus repurchased shares, adjusted for stock dividends and for the conversion of 10 previous shares to one new common share.
(4) Dollar figures are given as reference only and are converted at the controlled exchange rate at the end of the period (Bs 4.2893/US$1), except for earnings per share which are converted at the average exchange rate (Bs 3.5827/US$1). Exchange control has been in place in Venezuela since February 2003. |