Dec 09, 2021
1:5
For every 5 shares held, investors received 1. The price per share adjusted from $0.58 to $2.90.
The split itself did not change the total investment value.
Develop Global Limited (ASX:DVP) operates in the Other metals/Minerals industry.
Develop Global Limited company overviewDevelop Global Limited's most recent stock split was on December 9, 2021. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
Develop Global Limited (ASX:DVP) has split its stock 10 times: a 10909-for-10000 split on April 30, 2008, a 5641-for-5000 split on September 24, 2008, a 2559-for-2500 split on August 6, 2009, a 25-for-23 split on January 21, 2011, a 77-for-76 split on June 6, 2012, a 21-for-19 split on August 5, 2016, a 27-for-26 split on July 19, 2017, a 1-for-15 reverse split on August 17, 2018, a 9-for-8 split on June 15, 2021, and a 1-for-5 reverse split on December 9, 2021.
Develop Global Limited has split its stock 10 times. This history records 10 splits between April 30, 2008 and December 9, 2021.
A reverse stock split combines several shares into one and raises the price per share by the same factor, so the total value of a holding does not change. In Develop Global Limited's 1-for-5 reverse split on December 9, 2021, every 5 shares became one share. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Develop Global Limited has not announced a new split in our records. Its most recent split was on December 9, 2021, 4 years ago. Companies announce splits in advance, and any new ASX:DVP split will appear on this page.
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