Jun 11, 2024
1:40
For every 40 shares held, investors received 1.
The split itself did not change the total investment value.
Borgestad ASA (STO:BORO) operates in the Construction materials industry.
Borgestad ASA company overviewBorgestad ASA's most recent stock split was on June 11, 2024. It was a 1-for-40 reverse split, so shareholders received 1 share for every 40 they held.
Borgestad ASA (STO:BORO) has split its stock 5 times: a 3-for-1 split on May 2, 1990, a 11-for-10 split on May 20, 1994, a 4-for-3 split on January 10, 2019, a 152-for-41 split on November 7, 2023, and a 1-for-40 reverse split on June 11, 2024.
Borgestad ASA has split its stock 5 times. This history records 5 splits between May 2, 1990 and June 11, 2024.
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 Borgestad ASA's 1-for-40 reverse split on June 11, 2024, every 40 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.
Borgestad ASA has not announced a new split in our records. Its most recent split was on June 11, 2024, 2 years ago. Companies announce splits in advance, and any new STO:BORO split will appear on this page.
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