Sep 26, 2019
7:698
For every 698 shares held, investors received 7. The price per share adjusted from $1.73 to $172.01.
The split itself did not change the total investment value.
Shearwater Group plc (LSE:SWG) operates in the Information technology services industry.
Shearwater Group plc company overviewShearwater Group plc's most recent stock split was on September 26, 2019. It was a 7-for-698 reverse split, so shareholders received 7 shares for every 698 they held.
Shearwater Group plc (LSE:SWG) has split its stock 2 times: a 858-for-851 split on April 20, 2017 and a 7-for-698 reverse split on September 26, 2019.
Shearwater Group plc has split its stock 2 times. This history records 2 splits between April 20, 2017 and September 26, 2019.
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 Shearwater Group plc's 7-for-698 reverse split on September 26, 2019, every 698 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.
Shearwater Group plc has not announced a new split in our records. Its most recent split was on September 26, 2019, 7 years ago. Companies announce splits in advance, and any new LSE:SWG split will appear on this page.
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