Globus Maritime: Plunges on reverse stock split plan

Globus Maritime

19/10/2020 21:43

** Shipping company's shares  GLBS.O  down 28% at 13 cents
after market
    ** Co to effect a 1-for-100 reverse stock split of common
shares and Series B preferred shares  urn:newsml:reuters.com:*:nGNX76SLNL
    ** Shareholders approved the reverse stock split on Sept. 24
    ** Company's common stock will begin trading on a
split-adjusted basis on the Nasdaq on Oct. 21
    ** Stock has plunged ~87% YTD

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com;
twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776))