Dec 30, 2019
1:10
For every 10 shares held, investors received 1. The price per share adjusted from $0.00 to $0.04.
The split itself did not change the total investment value.
Norwood Systems Ltd (ASX:NOR) operates in the Packaged software industry.
Norwood Systems Ltd company overviewNorwood Systems Ltd's most recent stock split was on December 30, 2019. It was a 1-for-10 reverse split, so shareholders received 1 share for every 10 they held.
Norwood Systems Ltd (ASX:NOR) has split its stock 6 times: a 1-for-10 reverse split on July 17, 2006, a 1-for-20 reverse split on December 21, 2010, a 13-for-12 split on February 28, 2013, a 7-for-6 split on August 22, 2014, a 323-for-317 split on April 7, 2017, and a 1-for-10 reverse split on December 30, 2019.
Norwood Systems Ltd has split its stock 6 times. This history records 6 splits between July 17, 2006 and December 30, 2019.
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 Norwood Systems Ltd's 1-for-10 reverse split on December 30, 2019, 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.
Norwood Systems Ltd has not announced a new split in our records. Its most recent split was on December 30, 2019, 6 years ago. Companies announce splits in advance, and any new ASX:NOR split will appear on this page.
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