Mar 11, 2010
1:5
For every 5 shares held, investors received 1. The price per share adjusted from $0.14 to $0.72.
The split itself did not change the total investment value.
Elysee Development Corp (TSXV:ELC) operates in the Investment managers industry.
Elysee Development Corp company overviewElysee Development Corp's most recent stock split was on March 11, 2010. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
Elysee Development Corp (TSXV:ELC) has split its stock 2 times: a 1-for-5 reverse split on September 20, 2001 and a 1-for-5 reverse split on March 11, 2010.
Elysee Development Corp has split its stock 2 times. This history records 2 reverse splits between September 20, 2001 and March 11, 2010.
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 Elysee Development Corp's 1-for-5 reverse split on March 11, 2010, every 5 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.
Elysee Development Corp has not announced a new split in our records. Its most recent split was on March 11, 2010, 16 years ago. Companies announce splits in advance, and any new TSXV:ELC split will appear on this page.
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