Jul 19, 2004
7:8
For every 8 shares held, investors received 7.
The split itself did not change the total investment value.
J Sainsbury plc (GETTEX:SUY1) operates in the Food retail industry.
J Sainsbury plc company overviewJ Sainsbury plc's most recent stock split was on July 19, 2004. It was a 7-for-8 reverse split, so shareholders received 7 shares for every 8 they held.
J Sainsbury plc (GETTEX:SUY1) has split its stock 3 times: a 2-for-1 split on July 3, 1987, a 89-for-88 split on July 5, 1991, and a 7-for-8 reverse split on July 19, 2004.
J Sainsbury plc has split its stock 3 times. This history records 3 splits between July 3, 1987 and July 19, 2004.
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 J Sainsbury plc's 7-for-8 reverse split on July 19, 2004, every 8 shares became 7 shares. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
J Sainsbury plc has not announced a new split in our records. Its most recent split was on July 19, 2004, 22 years ago. Companies announce splits in advance, and any new GETTEX:SUY1 split will appear on this page.
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