Dec 08, 2016
1:10
For every 10 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.
Lindian Resources Limited (ASX:LIN) operates in the Other metals/Minerals industry.
Lindian Resources Limited company overviewLindian Resources Limited's most recent stock split was on December 8, 2016. It was a 1-for-10 reverse split, so shareholders received 1 share for every 10 they held.
Lindian Resources Limited (ASX:LIN) has split its stock 5 times: a 1-for-4 reverse split on December 7, 2004, a 135-for-106 split on February 25, 2011, a 77-for-73 split on October 1, 2013, a 5-for-2 split on November 17, 2015, and a 1-for-10 reverse split on December 8, 2016.
Lindian Resources Limited has split its stock 5 times. This history records 5 splits between December 7, 2004 and December 8, 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 Lindian Resources Limited's 1-for-10 reverse split on December 8, 2016, 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.
Lindian Resources Limited has not announced a new split in our records. Its most recent split was on December 8, 2016, 9 years ago. Companies announce splits in advance, and any new ASX:LIN split will appear on this page.
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