Jul 15, 2014
301:1000
For every 1000 shares held, investors received 301. The price per share adjusted from $0.68 to $2.26.
The split itself did not change the total investment value.
Millennium & Copthorne Hotels New Zealand Limited (NZX:MCK) operates in the Hotels/Resorts/Cruise lines industry.
Millennium & Copthorne Hotels New Zealand Limited company overviewMillennium & Copthorne Hotels New Zealand Limited's most recent stock split was on July 15, 2014. It was a 301-for-1000 reverse split, so shareholders received 301 shares for every 1000 they held.
Millennium & Copthorne Hotels New Zealand Limited (NZX:MCK) has split its stock 3 times: a 24-for-19 split on October 18, 1993, a 15-for-13 split on August 1, 1994, and a 301-for-1000 reverse split on July 15, 2014.
Millennium & Copthorne Hotels New Zealand Limited has split its stock 3 times. This history records 3 splits between October 18, 1993 and July 15, 2014.
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 Millennium & Copthorne Hotels New Zealand Limited's 301-for-1000 reverse split on July 15, 2014, every 1000 shares became 301 shares. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Millennium & Copthorne Hotels New Zealand Limited has not announced a new split in our records. Its most recent split was on July 15, 2014, 12 years ago. Companies announce splits in advance, and any new NZX:MCK split will appear on this page.
Already premium?