Jun 18, 2014
1:10
For every 10 shares held, investors received 1. The price per share adjusted from $1.10 to $11.00.
The split itself did not change the total investment value.
TPC Consolidated Limited (ASX:TPC) operates in the Electric utilities industry.
TPC Consolidated Limited company overviewTPC Consolidated Limited's most recent stock split was on June 18, 2014. It was a 1-for-10 reverse split, so shareholders received 1 share for every 10 they held.
TPC Consolidated Limited (ASX:TPC) has split its stock 2 times: a 1-for-10 reverse split on May 20, 2014 and a 1-for-10 reverse split on June 18, 2014.
TPC Consolidated Limited has split its stock 2 times. This history records 2 reverse splits between May 20, 2014 and June 18, 2014.
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 TPC Consolidated Limited's 1-for-10 reverse split on June 18, 2014, every 10 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.
TPC Consolidated Limited has not announced a new split in our records. Its most recent split was on June 18, 2014, 12 years ago. Companies announce splits in advance, and any new ASX:TPC split will appear on this page.
Already premium?