Important Information Regarding the Upcoming $CGC US Share CFD Stock Split
December 19, 2023 |
Important Corporate Action Notification: Canopy Growth Corp (CGC) Reverse Stock Split
We would like to inform you of an upcoming corporate action involving Canopy Growth Corp (CGC), listed on the US stock exchange. The company is scheduled to undergo a reverse stock split at a ratio of 1-for-10 on December 20, 2023. This means that every 10 existing shares of CGC will be consolidated into 1 share. Concurrently, there will be a change in the International Securities Identification Number (ISIN) from CA1380351009 to CA1380357048.
Details:
- Symbol: CGC
- Company: Canopy Growth Corp
- Old ISIN: CA1380351009
- New ISIN: CA1380357048
- Type of Corporate Action: Reverse stock split at a 1-for-10 ratio
- Effective Date (Ex-date): December 20, 2023
Trading Restrictions:
Please be aware that on December 19, 2023, trading for CGC will be set to “close only”. The following adjustments will be applied to client accounts:
- Positions Greater than 1 Lot:
- For Live Account Open Positions:
- New Price = 10 times the Original Price
- New Volume = 1/10th of the Original Volume
- Positions Less Than 1 Lot or with Decimal Points:
- Clients are advised to adjust their positions to a whole number. Failure to do so before the end of the day (EOD) on December 19, 2023, will result in us closing the positions at the EOD price of December 19, 2023.
- Examples:
- Client A: Holds 0.1 lot. Must close position before December 20, 2023. Otherwise, we will close it at the December 19 EOD price.
- Client B: Holds 3.2 lots. Must close 0.2 of the position before December 20, 2023. Otherwise, we will close the 0.2 lot at the December 19 EOD price.
- Client C: Holds 20 lots. No action required before December 20, 2023.
- Cancellation of Orders and Positions:
- All live and demo pending orders
- All demo open positions
For more detailed information, please refer to the announcement from Canopy Growth Corp at this link.
