Jul 23, 2021
2:3
For every 3 shares held, investors received 2. The price per share adjusted from $25.50 to $38.25.
The split itself did not change the total investment value.
Pennon Group Plc (OTC:PEGRY) operates in the Water utilities industry.
Pennon Group Plc company overviewPennon Group Plc's most recent stock split was on July 23, 2021. It was a 2-for-3 reverse split, so shareholders received 2 shares for every 3 they held.
Pennon Group Plc has split its stock once. This history records one reverse split, on July 23, 2021.
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 Pennon Group Plc's 2-for-3 reverse split on July 23, 2021, every 3 shares became 2 shares. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Pennon Group Plc has not announced a new split in our records. Its most recent split was on July 23, 2021, 5 years ago. Companies announce splits in advance, and any new OTC:PEGRY split will appear on this page.
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