Jun 04, 2007
1:10
For every 10 shares held, investors received 1. The price per share adjusted from $0.28 to $2.75.
The split itself did not change the total investment value.
Globe International Limited (ASX:GLB) operates in the Apparel/Footwear industry.
Globe International Limited company overviewGlobe International Limited's most recent stock split was on June 4, 2007. It was a 1-for-10 reverse split, so shareholders received 1 share for every 10 they held.
Globe International Limited has split its stock once. This history records one reverse split, on June 4, 2007.
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 Globe International Limited's 1-for-10 reverse split on June 4, 2007, every 10 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.
Globe International Limited has not announced a new split in our records. Its most recent split was on June 4, 2007, 19 years ago. Companies announce splits in advance, and any new ASX:GLB split will appear on this page.
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