Jun 26, 1996
1:4
For every 4 shares held, investors received 1. The price per share adjusted from $1.56 to $6.24.
The split itself did not change the total investment value.
Mcpherson's Limited (ASX:MCP) operates in the Household/Personal care industry.
Mcpherson's Limited company overviewMcpherson's Limited's most recent stock split was on June 26, 1996. It was a 1-for-4 reverse split, so shareholders received 1 share for every 4 they held.
Mcpherson's Limited (ASX:MCP) has split its stock 2 times: a 2-for-1 split on June 1, 1987 and a 1-for-4 reverse split on June 26, 1996.
Mcpherson's Limited has split its stock 2 times. This history records 2 splits between June 1, 1987 and June 26, 1996.
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 Mcpherson's Limited's 1-for-4 reverse split on June 26, 1996, every 4 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.
Mcpherson's Limited has not announced a new split in our records. Its most recent split was on June 26, 1996, 30 years ago. Companies announce splits in advance, and any new ASX:MCP split will appear on this page.
Already premium?