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: cs.gm@atfx.com or call: 400-1200-143 if you have any questions.
Sincerely,
ATFX