Jun 08, 2023
1:20
For every 20 shares held, investors received 1. The price per share adjusted from $0.00 to $0.02.
The split itself did not change the total investment value.
Prominence Energy Limited (ASX:PRM) operates in the Oil & gas production industry.
Prominence Energy Limited company overviewProminence Energy Limited's most recent stock split was on June 8, 2023. It was a 1-for-20 reverse split, so shareholders received 1 share for every 20 they held.
Prominence Energy Limited (ASX:PRM) has split its stock 11 times: a 667-for-10000 reverse split on April 7, 1993, a 6389-for-5000 split on February 28, 1994, a 9-for-8 split on May 19, 1994, a 2629-for-2500 split on March 21, 1996, a 10229-for-10000 split on October 22, 2007, a 1-for-25 reverse split on August 10, 2016, a 33-for-32 split on September 15, 2016, a 35-for-32 split on November 9, 2017, a 1-for-10 reverse split on July 27, 2020, a 9-for-7 split on September 15, 2020, and a 1-for-20 reverse split on June 8, 2023.
Prominence Energy Limited has split its stock 11 times. This history records 11 splits between April 7, 1993 and June 8, 2023.
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 Prominence Energy Limited's 1-for-20 reverse split on June 8, 2023, every 20 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.
Prominence Energy Limited has not announced a new split in our records. Its most recent split was on June 8, 2023, 3 years ago. Companies announce splits in advance, and any new ASX:PRM split will appear on this page.
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