Nov 11, 1997
1:3
For every 3 shares held, investors received 1.
The split itself did not change the total investment value.
Omni-Lite Industries Canada Inc. (NEO:OML) operates in the Metal fabrication industry.
Omni-Lite Industries Canada Inc. company overviewOmni-Lite Industries Canada Inc.'s most recent stock split was on November 11, 1997. It was a 1-for-3 reverse split, so shareholders received 1 share for every 3 they held.
Omni-Lite Industries Canada Inc. has split its stock once. This history records one reverse split, on November 11, 1997.
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 Omni-Lite Industries Canada Inc.'s 1-for-3 reverse split on November 11, 1997, 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.
Omni-Lite Industries Canada Inc. has not announced a new split in our records. Its most recent split was on November 11, 1997, 28 years ago. Companies announce splits in advance, and any new NEO:OML split will appear on this page.