Reorganisation
A change in the legal shape of a company: merger, absorption, division, spin-off or conversion.
How to read the number
For a holder this is an event with a share exchange and an appraisal right attached — the old share may simply cease to exist.
When the metric lies
Trading is suspended for the duration, and the exchange runs on a ratio set by a valuer; the last quote before suspension has no bearing on the calculation.
Also known as: reorganisation