Sep 08, 1998
1:2
For every 2 shares held, investors received 1. The price per share adjusted from $384.00 to $768.00.
The split itself did not change the total investment value.
British American Tobacco p.l.c. (LSE:BATS) operates in the Tobacco industry.
British American Tobacco p.l.c. company overviewBritish American Tobacco p.l.c.'s most recent stock split was on September 8, 1998. It was a 1-for-2 reverse split, so shareholders received 1 share for every 2 they held.
British American Tobacco p.l.c. (LSE:BATS) has split its stock 6 times: a 55-for-54 split on April 1, 1986, a 81-for-80 split on September 15, 1986, a 61-for-60 split on April 6, 1987, a 58-for-57 split on September 19, 1988, a 2-for-1 split on May 26, 1993, and a 1-for-2 reverse split on September 8, 1998.
British American Tobacco p.l.c. has split its stock 6 times. This history records 6 splits between April 1, 1986 and September 8, 1998.
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 British American Tobacco p.l.c.'s 1-for-2 reverse split on September 8, 1998, every 2 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.
British American Tobacco p.l.c. has not announced a new split in our records. Its most recent split was on September 8, 1998, 28 years ago. Companies announce splits in advance, and any new LSE:BATS split will appear on this page.
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