Reverse stock split of General Electric Company
General Electric Company has announced an upcoming 8-to-1 reverse stock split. Thus, 8 old shares will be replaced with the new one at an increased price.
From August 2, 2021, trading on #GenElectr instrument will start at new prices.
Please note that on July 30:
– the #GenElectr instrument will have the Close only mode;
– all open positions on #GenElectr must be closed by clients, and pending orders must be deleted no later than 22:55 server time in accordance with clause 17.4 of the “The procedure for submitting, processing, and executing client orders to fix the price of the underlying asset when performing transactions with non-deliverable OTC financial instruments”;
– positions that remain open will be forcibly closed by the company at the closing prices of the session, and the pending orders will be deleted.
Please take this information into account when planning your work on the Forex market.
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