GlobeNewsWire
18 May 2026, 06:12 UTC · 3d ago
Source · https://www.globenewswire.com/news-release/2026/05/18/3296300/0/en/Hexagon-Purus-ASA-Ex-reverse-share-split-and-change-of-ISIN-today.html
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Hexagon Purus ASA executes a 10:1 reverse share split, exchanging ten old shares for one new share. — Reverse splits are often perceived negatively by markets as they signal a previously depressed share price, even though the mechanical restructuring creates no change in underlying market capitalization.
-0.10The reverse share split changes the company's par value per share to NOK 1 and assigns a new ISIN (NO0013751966). — Administrative changes to par value and trading identifiers are purely procedural and do not affect the firm's valuation, cash flows, or operational fundamentals.
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The article is a factual notification regarding a reverse share split and ISIN change, which is a neutral corporate action.
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