Jun 15, 2016
1:3
For every 3 shares held, investors received 1.
The split itself did not change the total investment value.
Mkango Magnetic Materials Ltd. (LSE:MKA) operates in the Other metals/Minerals industry.
Mkango Magnetic Materials Ltd. company overviewMkango Magnetic Materials Ltd.'s most recent stock split was on June 15, 2016. It was a 1-for-3 reverse split, so shareholders received 1 share for every 3 they held.
Mkango Magnetic Materials Ltd. (LSE:MKA) has split its stock 2 times: a 2-for-5 reverse split on January 6, 2011 and a 1-for-3 reverse split on June 15, 2016.
Mkango Magnetic Materials Ltd. has split its stock 2 times. This history records 2 reverse splits between January 6, 2011 and June 15, 2016.
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 Mkango Magnetic Materials Ltd.'s 1-for-3 reverse split on June 15, 2016, every 3 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.
Mkango Magnetic Materials Ltd. has not announced a new split in our records. Its most recent split was on June 15, 2016, 10 years ago. Companies announce splits in advance, and any new LSE:MKA split will appear on this page.
Already premium?