@Team212 @Bogi.H I got this notification text for my holdings in Mondi
“Mondi PLC (MNDI) has completed a 10-for-11 reverse stock split”.
That seems like a stock split rather than a reverse stock split unless am wrong with my understanding? Thanks
The event was share consolidation.
So every 10 shares gets me 11 shares in return, as per the message i received ?
Or should it be 10-for-1, ie a typo in your messaging
Edit: Ok, i kinda get it - it’s a bit confusing tho…cos you’re basically saying 11 for 10 ie consolidation
As per the terms of the event, shareholders will receive 10 new ordinary shares for every 11 existing ordinary shares.