Jun 15, 2015
27:28
For every 28 shares held, investors received 27. The price per share adjusted from $3475.00 to $3603.70.
The split itself did not change the total investment value.
Spirax Group plc. (LSE:SPX) operates in the Industrial machinery industry.
Spirax Group plc. company overviewSpirax Group plc.'s most recent stock split was on June 15, 2015. It was a 27-for-28 reverse split, so shareholders received 27 shares for every 28 they held.
Spirax Group plc. (LSE:SPX) has split its stock 7 times: a 3-for-2 split on May 20, 1985, a 87-for-86 split on October 3, 1988, a 87-for-86 split on October 2, 1989, a 69-for-68 split on October 8, 1990, a 38-for-37 split on April 2, 1991, a 26-for-27 reverse split on June 3, 2013, and a 27-for-28 reverse split on June 15, 2015.
Spirax Group plc. has split its stock 7 times. This history records 7 splits between May 20, 1985 and June 15, 2015.
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 Spirax Group plc.'s 27-for-28 reverse split on June 15, 2015, every 28 shares became 27 shares. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Spirax Group plc. has not announced a new split in our records. Its most recent split was on June 15, 2015, 11 years ago. Companies announce splits in advance, and any new LSE:SPX split will appear on this page.
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