Shares when company splits

[SarahMc]

What happens to your shares if the listed company splits into separate listed companies?

Do you automatically get shares of a lesser amount in the new companies?

 

[Brendan Burgess]

It depends.

Fyffes split off Blackrock and for every share in Fyffyes, you got one share in Blackrock.

The same happened, when they hived off Total Produce Ltd, each shareholder got one share in Total Produce.

Brendan