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 there is not enough volume in the Client's position to allow resplit (there are not enough Shares and they cannot be combined), the position is closed and the value of the funds obtained in this way is booked on the Client's Trading Account.

🚩Fractional Shares do not participate in the resplit of shares on the terms

specified by the issuer, but are settled in cash by closing the given position at the last available price, i.e. the closing price on the day preceding the day of the occurrence of such corporate event. In such a situation, XTB will transfer the appropriate value of the funds obtained in this way to the Client's Trading Account.

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