Dec 14, 2016
1:100
For every 100 shares held, investors received 1.
The split itself did not change the total investment value.
Prairie Lithium Limited (ASX:PL9) operates in the Other metals/Minerals industry.
Prairie Lithium Limited company overviewPrairie Lithium Limited's most recent stock split was on December 14, 2016. It was a 1-for-100 reverse split, so shareholders received 1 share for every 100 they held.
Prairie Lithium Limited (ASX:PL9) has split its stock 11 times: a 1-for-15 reverse split on July 26, 1996, a 26-for-19 split on August 18, 1998, a 18-for-17 split on June 23, 1999, a 115-for-112 split on March 15, 2002, a 30-for-29 split on February 9, 2004, a 3-for-2 split on October 25, 2004, a 15-for-13 split on September 6, 2005, a 1-for-25 reverse split on May 15, 2006, a 1-for-5 reverse split on March 4, 2010, a 1-for-2 reverse split on April 20, 2011, and a 1-for-100 reverse split on December 14, 2016.
Prairie Lithium Limited has split its stock 11 times. This history records 11 splits between July 26, 1996 and December 14, 2016.
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 Prairie Lithium Limited's 1-for-100 reverse split on December 14, 2016, every 100 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.
Prairie Lithium Limited has not announced a new split in our records. Its most recent split was on December 14, 2016, 9 years ago. Companies announce splits in advance, and any new ASX:PL9 split will appear on this page.
Already premium?