Dec 21, 2017
1:10
For every 10 shares held, investors received 1. The price per share adjusted from $0.03 to $0.27.
The split itself did not change the total investment value.
TZ Limited (ASX:TZL) operates in the Computer communications industry.
TZ Limited company overviewTZ Limited's most recent stock split was on December 21, 2017. It was a 1-for-10 reverse split, so shareholders received 1 share for every 10 they held.
TZ Limited (ASX:TZL) has split its stock 8 times: a 1-for-5 reverse split on November 19, 1996, a 1-for-5 reverse split on December 9, 1996, a 1-for-5 reverse split on December 24, 2003, a 1-for-5 reverse split on March 27, 2007, a 26-for-25 split on November 18, 2010, a 24-for-23 split on September 24, 2012, a 196-for-195 split on October 10, 2017, and a 1-for-10 reverse split on December 21, 2017.
TZ Limited has split its stock 8 times. This history records 8 splits between November 19, 1996 and December 21, 2017.
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 TZ Limited's 1-for-10 reverse split on December 21, 2017, 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.
TZ Limited has not announced a new split in our records. Its most recent split was on December 21, 2017, 8 years ago. Companies announce splits in advance, and any new ASX:TZL split will appear on this page.
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