Jul 22, 2020
1:12
For every 12 shares held, investors received 1. The price per share adjusted from $9.69 to $116.22.
The split itself did not change the total investment value.
Pharma Mar SA (IOB:0RC6) operates in the Pharmaceuticals: other industry.
Pharma Mar SA company overviewPharma Mar SA's most recent stock split was on July 22, 2020. It was a 1-for-12 reverse split, so shareholders received 1 share for every 12 they held.
Pharma Mar SA (IOB:0RC6) has split its stock 8 times: a 2-for-1 split on September 10, 1990, a 5-for-1 split on January 18, 1999, a 3-for-1 split on March 3, 1999, a 16-for-15 split on May 21, 1999, a 4-for-1 split on September 8, 2000, a 5-for-4 split on December 19, 2000, a 51-for-50 split on May 12, 2006, and a 1-for-12 reverse split on July 22, 2020.
Pharma Mar SA has split its stock 8 times. This history records 8 splits between September 10, 1990 and July 22, 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 Pharma Mar SA's 1-for-12 reverse split on July 22, 2020, every 12 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.
Pharma Mar SA has not announced a new split in our records. Its most recent split was on July 22, 2020, 6 years ago. Companies announce splits in advance, and any new IOB:0RC6 split will appear on this page.
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