Apr 17, 2018
1:2
For every 2 shares held, investors received 1.
The split itself did not change the total investment value.
Fin Resources Limited (ASX:FIN) operates in the Other metals/Minerals industry.
Fin Resources Limited company overviewFin Resources Limited's most recent stock split was on April 17, 2018. It was a 1-for-2 reverse split, so shareholders received 1 share for every 2 they held.
Fin Resources Limited (ASX:FIN) has split its stock 13 times: a 1-for-4 reverse split on December 8, 1988, a 2-for-1 split on June 7, 1993, a 2407-for-2500 reverse split on June 5, 1996, a 1-for-10 reverse split on August 13, 1998, a 10-for-7 split on November 25, 1998, a 1-for-2 reverse split on May 19, 1999, a 1-for-10 reverse split on December 24, 2001, a 1-for-50 reverse split on October 7, 2003, a 1-for-2 reverse split on July 8, 2004, a 3-for-2 split on May 22, 2009, a 10-for-7 split on September 25, 2009, a 1-for-20 reverse split on December 9, 2011, and a 1-for-2 reverse split on April 17, 2018.
Fin Resources Limited has split its stock 13 times. This history records 13 splits between December 8, 1988 and April 17, 2018.
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 Fin Resources Limited's 1-for-2 reverse split on April 17, 2018, every 2 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.
Fin Resources Limited has not announced a new split in our records. Its most recent split was on April 17, 2018, 8 years ago. Companies announce splits in advance, and any new ASX:FIN split will appear on this page.
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