Dec 16, 2013
1:8
For every 8 shares held, investors received 1. The price per share adjusted from $0.03 to $0.20.
The split itself did not change the total investment value.
Lion Energy Limited (ASX:LIO) operates in the Oil & gas production industry.
Lion Energy Limited company overviewLion Energy Limited's most recent stock split was on December 16, 2013. It was a 1-for-8 reverse split, so shareholders received 1 share for every 8 they held.
Lion Energy Limited (ASX:LIO) has split its stock 8 times: a 8-for-7 split on February 4, 1985, a 57-for-50 split on October 30, 1986, a 12-for-11 split on September 11, 1989, a 282-for-263 split on April 19, 2000, a 1-for-100 reverse split on November 21, 2006, a 6-for-5 split on July 28, 2008, a 9-for-8 split on December 15, 2011, and a 1-for-8 reverse split on December 16, 2013.
Lion Energy Limited has split its stock 8 times. This history records 8 splits between February 4, 1985 and December 16, 2013.
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 Lion Energy Limited's 1-for-8 reverse split on December 16, 2013, every 8 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.
Lion Energy Limited has not announced a new split in our records. Its most recent split was on December 16, 2013, 12 years ago. Companies announce splits in advance, and any new ASX:LIO split will appear on this page.
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