Mar 03, 2004
1:1000
For every 1000 shares held, investors received 1. The price per share adjusted from $2.75 to $2750.00.
The split itself did not change the total investment value.
SEIBELS BRUCE GROUP (OTC:SBBG) operates in the Property/Casualty insurance industry.
SEIBELS BRUCE GROUP company overviewSEIBELS BRUCE GROUP's most recent stock split was on March 3, 2004. It was a 1-for-1000 reverse split, so shareholders received 1 share for every 1000 they held.
SEIBELS BRUCE GROUP (OTC:SBBG) has split its stock 5 times: a 5-for-4 split on March 4, 1980, a 5-for-4 split on January 2, 1981, a 5-for-4 split on January 3, 1983, a 1-for-4 reverse split on April 11, 1997, and a 1-for-1000 reverse split on March 3, 2004.
SEIBELS BRUCE GROUP has split its stock 5 times. This history records 5 splits between March 4, 1980 and March 3, 2004.
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 SEIBELS BRUCE GROUP's 1-for-1000 reverse split on March 3, 2004, every 1000 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.
SEIBELS BRUCE GROUP has not announced a new split in our records. Its most recent split was on March 3, 2004, 22 years ago. Companies announce splits in advance, and any new OTC:SBBG split will appear on this page.