Sep 05, 2001
1:20
For every 20 shares held, investors received 1. The price per share adjusted from $0.08 to $1.58.
The split itself did not change the total investment value.
Reef Casino Trust (ASX:RCT) operates in the Casinos/Gaming industry.
Reef Casino Trust company overviewReef Casino Trust's most recent stock split was on September 5, 2001. It was a 1-for-20 reverse split, so shareholders received 1 share for every 20 they held.
Reef Casino Trust (ASX:RCT) has split its stock 2 times: a 55-for-43 split on September 27, 1999 and a 1-for-20 reverse split on September 5, 2001.
Reef Casino Trust has split its stock 2 times. This history records 2 splits between September 27, 1999 and September 5, 2001.
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 Reef Casino Trust's 1-for-20 reverse split on September 5, 2001, 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.
Reef Casino Trust has not announced a new split in our records. Its most recent split was on September 5, 2001, 25 years ago. Companies announce splits in advance, and any new ASX:RCT split will appear on this page.
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