Diana Containerships says it will undertake a one-for-seven reverse split of its common shares. The reverse split will lower the outstanding shares of the company from 5.3 million shares to approximately 800,000 shares.
At the company’s 29 June annual meeting, shareholders approved the reverse stock split and granted the board of directors authority to determine the exact split ratio
The reverse stock split will take effect and begin trading on a split-adjusted basis on 24 August.
