According to Midclear, the nominal value of Jammal Trust Bank’s (JTB) shares was increased from LBP 100 to LBP 10,000, following a reverse stock split. Accordingly, the total number of shares dropped from 750,900,000 shares to 7,509,000.
JTB’s Reverse Stock Split
| Before reverse stock split | After reverse stock split | |
| Nominal Value (LBP) | 100 | 10,0000 |
| Number of Shares | 750,900,000 | 7,509,000 |
Source: Midclear