Dec 01, 2021
1:5
For every 5 shares held, investors received 1.
The split itself did not change the total investment value.
Odessa Minerals Limited (ASX:ODE) operates in the Other metals/Minerals industry.
Odessa Minerals Limited company overviewOdessa Minerals Limited's most recent stock split was on December 1, 2021. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
Odessa Minerals Limited (ASX:ODE) has split its stock 4 times: a 75-for-71 split on September 29, 1994, a 1-for-10 reverse split on November 12, 1999, a 1-for-100 reverse split on October 2, 2015, and a 1-for-5 reverse split on December 1, 2021.
Odessa Minerals Limited has split its stock 4 times. This history records 4 splits between September 29, 1994 and December 1, 2021.
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 Odessa Minerals Limited's 1-for-5 reverse split on December 1, 2021, every 5 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.
Odessa Minerals Limited has not announced a new split in our records. Its most recent split was on December 1, 2021, 4 years ago. Companies announce splits in advance, and any new ASX:ODE split will appear on this page.
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