Oct 11, 2016
1:150
For every 150 shares held, investors received 1. The price per share adjusted from $0.02 to $3.00.
The split itself did not change the total investment value.
Postmedia Network Canada Corp. Class C (TSX:PNC.B) operates in the Publishing: newspapers industry.
Postmedia Network Canada Corp. Class C company overviewPostmedia Network Canada Corp. Class C's most recent stock split was on October 11, 2016. It was a 1-for-150 reverse split, so shareholders received 1 share for every 150 they held.
Postmedia Network Canada Corp. Class C (TSX:PNC.B) has split its stock 2 times: a 272-for-125 split on February 12, 2015 and a 1-for-150 reverse split on October 11, 2016.
Postmedia Network Canada Corp. Class C has split its stock 2 times. This history records 2 splits between February 12, 2015 and October 11, 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 Postmedia Network Canada Corp. Class C's 1-for-150 reverse split on October 11, 2016, every 150 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.
Postmedia Network Canada Corp. Class C has not announced a new split in our records. Its most recent split was on October 11, 2016, 10 years ago. Companies announce splits in advance, and any new TSX:PNC.B split will appear on this page.
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