Dear Clients
Shopify Inc (SHOP) announced that they will carry out 10-for-1 stock split which will be effective on 29 Jun 2022. This means each Shopify shareholder will receive nine additional shares for every share held. The price of the stock will be divided by 10 on 29 June 2022.
As the Shopify shares CFD (#SHOP) that ATFX offers is derived from Shopify shares on the Exchange, the price of the product #SHOP will also undergo stock split.
|
Symbol |
Product |
Corporate Action |
Effective Date |
|
#SHOP |
Shopify CFD |
10-for-1 stock split |
29 June 2022 |
The example below describes how #SHOP 10-for-1 stock split affects current holding position
|
Stock Split |
Date |
Type |
Volume (Lot) |
Open price |
|
Before Split |
Before 29 June 2022 |
Buy |
100 |
318.00 |
|
After Split |
After 29 June 2022 |
Buy |
1000 |
31.80 |
|
Stock Split |
Date |
Type |
Volume (Lot) |
Open price |
|
Before Split |
Before 29 June 2022 |
Sell |
100 |
318.00 |
|
After Split |
After 29 June 2022 |
Sell |
1000 |
31.80 |
Note:
1. All pending orders Take Profit/Stop loss/Buy Limit/Sell Limit/Buy Stop/Sell Stop will be DELETED after market closed on 28 June 2022.
2. In order to ensure the price stability after the stock split and avoid affecting clients’ transactions, #SHOP cannot be traded until 5 minutes after market opening on 29 June 2022. That means the trading hours will start from 16:38 MT4 system time!!
Please feel free to contact us via email: cs.uk@atfx.com or call:400-120-4881 if you have any questions.
Sincerely,
ATFX