Important: XTB Ltd (Cy) does not offer real shares and ETFs

Resplit (reverse split), or consolidation of shares, is the reverse operation to split (carried out by a joint-stock company), which involves increasing the nominal value of a single share while maintaining the same amount of share capital.

As a result of resplit, shares are combined, i.e. one share is issued instead of several.

The share resplit ratio is e.g. 2:1 (for two "old" shares one "new" share is issued).

In the case of resplit, the number of shares is adjusted on the individual Trading Account accordingly on the day of the share consolidation.

🚩 If the Client’s position is too small, i.e. the position volume is lower than the reverse split ratio (e.g. the client holds 2 “old” shares and the reverse split ratio is 3:1), a situation may occur where, after the consolidation, the new number of shares is less than 1. In such cases, the position is settled in cash by closing it at the last available price, i.e. the closing price from the day preceding the corporate action. The value of the funds obtained in this way is credited to the Client’s Account.

🚩As a result of a corporate action in the form of a reverse split, Fractional Rights may be allocated to the Client’s Account. This occurs when, after the reverse split, the number of Financial Instruments due, calculated based on the reverse split ratio, is not a whole number. Fractional Rights participate in the reverse split process and are recorded on the Client’s Account in accordance with the rules applicable to the given corporate action.