Feb 07, 2020
1:10
For every 10 shares held, investors received 1.
The split itself did not change the total investment value.
Mitchell Services Limited (FRA:LB8) operates in the Contract drilling industry.
Mitchell Services Limited company overviewMitchell Services Limited's most recent stock split was on February 7, 2020. It was a 1-for-10 reverse split, so shareholders received 1 share for every 10 they held.
Mitchell Services Limited (FRA:LB8) has split its stock 3 times: a 54-for-37 split on October 11, 2013, a 57-for-46 split on August 26, 2014, and a 1-for-10 reverse split on February 7, 2020.
Mitchell Services Limited has split its stock 3 times. This history records 3 splits between October 11, 2013 and February 7, 2020.
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 Mitchell Services Limited's 1-for-10 reverse split on February 7, 2020, 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.
Mitchell Services Limited has not announced a new split in our records. Its most recent split was on February 7, 2020, 6 years ago. Companies announce splits in advance, and any new FRA:LB8 split will appear on this page.
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