Nov 29, 1999
1:10
For every 10 shares held, investors received 1.
The split itself did not change the total investment value.
ArcelorMittal South Africa Limited (GETTEX:ISC1) operates in the Steel industry.
ArcelorMittal South Africa Limited company overviewArcelorMittal South Africa Limited's most recent stock split was on November 29, 1999. It was a 1-for-10 reverse split, so shareholders received 1 share for every 10 they held.
ArcelorMittal South Africa Limited has split its stock once. This history records one reverse split, on November 29, 1999.
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 ArcelorMittal South Africa Limited's 1-for-10 reverse split on November 29, 1999, 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.
ArcelorMittal South Africa Limited has not announced a new split in our records. Its most recent split was on November 29, 1999, 26 years ago. Companies announce splits in advance, and any new GETTEX:ISC1 split will appear on this page.
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