YPF enabled the buying and selling of its own shares directly from its app starting this Tuesday, in a new feature aimed at facilitating access for small investors to the oil company's capital.
In this way, the company became the first company in the world to offer this type of operation within its own application.
The new tool operates during market hours, from 10:30 AM to 5 PM, and was introduced through a partnership between YPF and Santander, the entity that manages the funds of the platform's users.
The launch comes two weeks after the 10-for-1 stock split carried out by the oil company on its local shares. The goal of that operation was to reduce the individual price of each share and facilitate trading of the asset in the local market, without altering the total value of shareholders' holdings.
With the split, each investor ended up with ten shares for every one they previously owned, while the price of each share was adjusted in the same proportion. Thus, the split did not change the invested money, the percentage of each shareholder's participation in YPF, nor the political rights associated with their holdings.
Each share retained one vote, and according to the company, the mechanism also did not alter the equity of the shareholders. The operation was conducted on the local paper identified with the ticker $YPFD.
The incorporation of stock trading expands the available options within the YPF app. The platform already allowed its users to fund balances, earn a return on that money, make payments at gas stations, transfer funds, pay services, and top up accounts.
