Aug 19, 2013
1:2
For every 2 shares held, investors received 1.
The split itself did not change the total investment value.
Platformo Ltd (ASX:PFM) operates in the Electronics distributors industry.
Platformo Ltd company overviewPlatformo Ltd's most recent stock split was on August 19, 2013. It was a 1-for-2 reverse split, so shareholders received 1 share for every 2 they held.
Platformo Ltd (ASX:PFM) has split its stock 8 times: a 10667-for-10000 split on April 24, 1990, a 77-for-74 split on February 13, 1998, a 13-for-11 split on September 17, 1998, a 68-for-65 split on September 26, 2001, a 1-for-60 reverse split on January 31, 2008, a 8-for-7 split on September 16, 2009, a 1-for-25 reverse split on November 16, 2010, and a 1-for-2 reverse split on August 19, 2013.
Platformo Ltd has split its stock 8 times. This history records 8 splits between April 24, 1990 and August 19, 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 Platformo Ltd's 1-for-2 reverse split on August 19, 2013, every 2 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.
Platformo Ltd has not announced a new split in our records. Its most recent split was on August 19, 2013, 13 years ago. Companies announce splits in advance, and any new ASX:PFM split will appear on this page.
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