Dear Clients，
AMC Entertainment Holdings Inc announced its 10-to-1 reverse stock split will take place on Aug 24. This means every 10 shares of AMC Entertainment Holdings Inc Stock held by investors will be consolidated to 1 share. Meantime, the share price of AMC will be adjusted upwards at a ratio of 1:10.
As the CFD product #AMC provided by ATFX is derived from the Exchange-traded stock AMC Entertainment Holdings Inc, the product’s price will also undergo the stock reverse split.
|
Symbol |
Product |
Corporate Action |
Date |
|
#AMC |
AMC Entertainment Holdings CFD |
10-to-1 reverse stock split |
24 August 2023 |
The example below describes how #AMC 10-to-1 reverse stock split affects current holding position.
|
Type |
Volume (Lot) |
Open price |
Trade date |
|
Buy |
100 |
5.22 |
Before 24 August 2023 |
|
Buy |
10 |
52.2 |
After 24 August 2023 |
|
Type |
Volume (Lot) |
Open price |
Trade date |
|
Sell |
100 |
5.22 |
Before 24 August 2023 |
|
Sell |
10 |
52.2 |
After 24 August 2023 |
Note:
- All pending orders Take Profit/Stop loss/Buy Limit/Sell Limit/Buy Stop/Sell Stop will be DELETED on 23 August 2023 after market closed.
- In order to ensure the price stability after the reverse stock split and to avoid affecting clients’ transactions, the start trading time of #AMC will be delayed by 5 minutes on 24 August 2023. It means the trading hours start from 16:38 MT4 system time!!
- Clients who hold less than 10 share CFD are unable to perform 10-to-1 reverse stock split, the adjustments will be made by “Cash”, the adjusted amount will be deducted from (buy order) or paid to (sell order) the trading account.
Please feel free to contact us if you have any questions.
Sincerely,
ATFX
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