Apr 01, 2016
1:20
For every 20 shares held, investors received 1. The price per share adjusted from $0.00 to $0.02.
The split itself did not change the total investment value.
IODM Ltd. (ASX:IOD) operates in the Packaged software industry.
IODM Ltd. company overviewIODM Ltd.'s most recent stock split was on April 1, 2016. It was a 1-for-20 reverse split, so shareholders received 1 share for every 20 they held.
IODM Ltd. (ASX:IOD) has split its stock 3 times: a 185-for-178 split on February 21, 2007, a 19-for-18 split on November 1, 2010, and a 1-for-20 reverse split on April 1, 2016.
IODM Ltd. has split its stock 3 times. This history records 3 splits between February 21, 2007 and April 1, 2016.
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 IODM Ltd.'s 1-for-20 reverse split on April 1, 2016, every 20 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.
IODM Ltd. has not announced a new split in our records. Its most recent split was on April 1, 2016, 10 years ago. Companies announce splits in advance, and any new ASX:IOD split will appear on this page.
Already premium?