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Michelin (MICP) Stock Split Announcement

Dear Clients

Michelin SCA (MICP) announced that they will carry out 4-for-1 stock split which will be effective on 16 Jun 2022. This means each Michelin shareholder will receive three additional shares for every share held. The price of the stock will be divided by 4 on 16 June 2022.

As the Michelin shares CFD (#MICP) that ATFX offers is derived from Michelin shares on the France Exchange, the price of the product #MICP will also undergo stock split.

Symbol

Product

Corporate Action

Effective Date

#MICP

Michelin CFD

4-for-1 stock split

16 June 2022

 

The example below describes how #MICP 4-for-1 stock split affects current holding position

Stock Split

Date

Type

Volume (Lot)

Open price

Before Split

Before 16 June 2022

Buy

100

124.00

After Split

After 16 June 2022

Buy

400

31.00

 

Stock Split

Date

Type

Volume (Lot)

Open price

Before Split

Before 16 June 2022

Sell

100

124.00

After Split

After 16 June 2022

Sell

400

31.00

 

Note:

1.All pending orders Take Profit/Stop loss/Buy Limit/Sell Limit/Buy Stop/Sell Stop will be DELETED after market closed on 15 June 2022.
2. In order to ensure the price stability after the stock split and avoid affecting clients’ transactions, #MICP cannot be traded until 5 minutes after market opening on 16 June 2022. That means the trading hours will start from 10:08 MT4 system time!!

 

Please feel free to contact us via email:[email protected] or call:400-120-4881 if you have any questions. 

 

Sincerely,

ATFX

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