Nov 18, 2022
5:6
For every 6 shares held, investors received 5. The price per share adjusted from $2.14 to $2.57.
The split itself did not change the total investment value.
SKY Network Television Ltd (ASX:SKT) operates in the Cable/Satellite TV industry.
SKY Network Television Ltd company overviewSKY Network Television Ltd's most recent stock split was on November 18, 2022. It was a 5-for-6 reverse split, so shareholders received 5 shares for every 6 they held.
SKY Network Television Ltd (ASX:SKT) has split its stock 3 times: a 1091-for-578 split on May 25, 2020, a 1-for-10 reverse split on September 20, 2021, and a 5-for-6 reverse split on November 18, 2022.
SKY Network Television Ltd has split its stock 3 times. This history records 3 splits between May 25, 2020 and November 18, 2022.
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 SKY Network Television Ltd's 5-for-6 reverse split on November 18, 2022, every 6 shares became 5 shares. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
SKY Network Television Ltd has not announced a new split in our records. Its most recent split was on November 18, 2022, 3 years ago. Companies announce splits in advance, and any new ASX:SKT split will appear on this page.
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