Ubisoft will propose a two-for-one stock split at its next shareholder meeting, the publisher stated in a regulatory filing on Monday.

If approved at the French publisher"s September 22 shareholder meeting, the amount of Ubisoft shares will double to around 93 million, while each share"s value will be halved.

Current shareholders would receive two shares in exchange for every existing share.

Ubisoft shares dropped Monday 4 percent to €63.76 ($93.90) at market close.