66.93% of retail investor accounts lose money when trading CFDs / Spread betting with this provider.
Important Notice - Scam website
Important Notice - Fraud awareness
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.93% of retail investor accounts lose money when trading CFDs / Spread betting with this provider. You should consider whether you understand how CFDs / Spread betting work and whether you can afford to take the high risk of losing your money.
Important Notice - Scam website
Important Notice - Fraud awareness
The vast majority of retail investor accounts lose money when trading CFDs / Spread betting with this provider.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail investor accounts lose money when trading CFDs / Spread betting with this provider. You should consider whether you understand how CFDs / Spread betting work and whether you can afford to take the high risk of losing your money.
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General Electric Company (GE) Reverse Stock Split Announcement

Dear Clients

General Electric Company (GE) announced that it will carry out the 1-for-8 reverse stock split which will be effective on 2 August 2021. This means every 8 shares of General Electric Company will be combined into 1 share and the stock price is expected to initially increase proportionately on 2 August 2021.

As ATFX offers General Electric Company shares CFD (#GE) price which is derived from the share on the US Exchange, so the CFD shares’ price will also undergo Reverse stock split.

 

Symbol

Product

Corporate Action

Effective Date

#GE

General Electric Company CFD

1-for-8 reverse stock split

2 August 2021

 

The examples below describe how #GE to be proceeded 1-for-8 reverse stock split affects your current holding position.

Sample 1:

Stock Split

Date

Type

Volume (Lot)

Open price

Before reverse Split

Before 2 August 2021

Buy(or Sell)

80

12.65

After reverse Split

After 2 August 2021

Buy(or Sell)

10

101.20

 

Sample 2:

Stock Split

Date

Type

Volume (Lot)

Open price

Before reverse Split

Before 2 August 2021

Buy(or Sell)

85

12.65

After reverse Split

After 2 August 2021

Buy(or Sell)

10

101.20

Since the remaining 5 shares cannot be combined in proportion, it will be settled by Cash adjustment, the amount will be Credited (if profit order) or Debited (if lost order) to clients trading accounts, the formula as below:

(The 30 July closing price – open price) X 5 shares = Cash adjustment

 

Note:

  1. All pending orders Take Profit/Stop loss/Buy Limit/Sell Limit/Buy Stop/Sell Stop will be DELETED after market closed on 30 July 2021.
  2. In order to ensure the price stability after the stock split and avoid affecting clients’ transactions. #GE will be delayed 5 minutes after market opening on 2 August 2021. That means the trading hours start from 16:38 MT4 system time!!

 

Please feel free to contact us via email: cs.gm@atfx.com if you have any questions.

 

Sincerely,

ATFX