Oct 18, 2016
1:100
For every 100 shares held, investors received 1. The price per share adjusted from $7.50 to $750.00.
The split itself did not change the total investment value.
UMIDA GROUP AB CLASS B (NGM:UMIDA.B) operates in the Beverages: alcoholic industry.
UMIDA GROUP AB CLASS B company overviewUMIDA GROUP AB CLASS B's most recent stock split was on October 18, 2016. It was a 1-for-100 reverse split, so shareholders received 1 share for every 100 they held.
UMIDA GROUP AB CLASS B (NGM:UMIDA.B) has split its stock 7 times: a 88-for-85 split on September 15, 2011, a 85-for-78 split on November 15, 2012, a 91-for-85 split on November 18, 2013, a 10-for-9 split on May 30, 2014, a 1-for-50 reverse split on October 3, 2014, a 69-for-55 split on December 2, 2015, and a 1-for-100 reverse split on October 18, 2016.
UMIDA GROUP AB CLASS B has split its stock 7 times. This history records 7 splits between September 15, 2011 and October 18, 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 UMIDA GROUP AB CLASS B's 1-for-100 reverse split on October 18, 2016, every 100 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.
UMIDA GROUP AB CLASS B has not announced a new split in our records. Its most recent split was on October 18, 2016, 10 years ago. Companies announce splits in advance, and any new NGM:UMIDA.B split will appear on this page.
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