Dec 26, 2007
1:10
For every 10 shares held, investors received 1. The price per share adjusted from $3300.00 to $33000.00.
The split itself did not change the total investment value.
Mercantil Servicios Financieros C.A. Class A (BVCA:MVZ.B) operates in the Major banks industry.
Mercantil Servicios Financieros C.A. Class A company overviewMercantil Servicios Financieros C.A. Class A's most recent stock split was on December 26, 2007. It was a 1-for-10 reverse split, so shareholders received 1 share for every 10 they held.
Mercantil Servicios Financieros C.A. Class A (BVCA:MVZ.B) has split its stock 9 times: a 2-for-1 split on October 6, 1997, a 3-for-2 split on February 10, 1999, a 11-for-10 split on December 20, 2000, a 16-for-15 split on December 11, 2001, a 16-for-15 split on December 2, 2002, a 7-for-5 split on September 9, 2003, a 7-for-5 split on April 22, 2005, a 18-for-13 split on May 14, 2007, and a 1-for-10 reverse split on December 26, 2007.
Mercantil Servicios Financieros C.A. Class A has split its stock 9 times. This history records 9 splits between October 6, 1997 and December 26, 2007.
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 Mercantil Servicios Financieros C.A. Class A's 1-for-10 reverse split on December 26, 2007, 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.
Mercantil Servicios Financieros C.A. Class A has not announced a new split in our records. Its most recent split was on December 26, 2007, 18 years ago. Companies announce splits in advance, and any new BVCA:MVZ.B split will appear on this page.
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