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Nobia AB ( (SE:NOBI) ) just unveiled an update.
Nobia AB will implement a 1-for-10 reverse share split previously approved at its annual general meeting, consolidating every ten existing shares into one new share. The board has set 13 May 2026 as the record date, with 11 May as the last trading day before the split and 12 May as the first trading day for the shares under the new ISIN code SE0028900134.
The transaction will be executed automatically via Euroclear Sweden, requiring no action from shareholders, and any holdings not divisible by ten will have excess shares sold by Nordea with proceeds distributed proportionally. After the reverse split is completed, Nobia’s total number of shares will be reduced to 151,631,602, a move that is expected to increase the trading price per share and may improve the stock’s perceived value and liquidity profile in the market.
More about Nobia AB
Nobia AB is a Swedish publicly listed company operating in the kitchen furniture and fittings sector. The group designs, manufactures and sells kitchen solutions across European markets, serving both consumer and professional customer segments through multiple brands and distribution channels.
Average Trading Volume: 6,269,965
Technical Sentiment Signal: Strong Sell
Current Market Cap: SEK2.56B
For an in-depth examination of NOBI stock, go to TipRanks’ Overview page.