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MONDI PLC ADR EACH REPR 2 ORD To Carry Out 10-for-11 Reverse Stock Split On January 29th, 2024

moomoo News ·  Jan 24 19:40

January 25th - $MONDI PLC ADR EACH REPR 2 ORD (MONDY.US)$ is about to implement a 10-for-11 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from January 29th, 2024.

$MONDI PLC ADR EACH REPR 2 ORD (MONDY.US)$ rose 0.64% and closed at $36.94 on January 24th with a turnover of $1.13 million. $MONDI PLC ADR EACH REPR 2 ORD (MONDY.US)$ now has a total market capitalization of $8.96 billion.


What Is a Reverse Stock Split?

A reverse stock split consolidates the number of existing shares of stock held by shareholders into fewer shares. It does not directly impact a company's value. And it can signal a company in distress since it raises the value of otherwise low-priced shares.

Note:

The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.

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