Jul 07, 2003
7:8
For every 8 shares held, investors received 7. The price per share adjusted from $274.25 to $313.43.
The split itself did not change the total investment value.
Kingfisher Plc (LSE:KGF) operates in the Home improvement chains industry.
Kingfisher Plc company overviewKingfisher Plc's most recent stock split was on July 7, 2003. It was a 7-for-8 reverse split, so shareholders received 7 shares for every 8 they held.
Kingfisher Plc (LSE:KGF) has split its stock 6 times: a 2-for-1 split on June 15, 1987, a 51-for-50 split on April 1, 1997, a 2-for-1 split on July 3, 1998, a 10-for-11 reverse split on August 28, 2001, a 331-for-250 split on July 11, 2002, and a 7-for-8 reverse split on July 7, 2003.
Kingfisher Plc has split its stock 6 times. This history records 6 splits between June 15, 1987 and July 7, 2003.
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 Kingfisher Plc's 7-for-8 reverse split on July 7, 2003, 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.
Kingfisher Plc has not announced a new split in our records. Its most recent split was on July 7, 2003, 23 years ago. Companies announce splits in advance, and any new LSE:KGF split will appear on this page.
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