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    Apple/Tesla Stock Split Announcement

    Dear TeleTrade Clients,

    Please note the below two important developments which have taken place in July and August of 2020.

    On Thursday, July 30th, Apple Inc. (AAPL) announced a 4-for-1 stock split. As a result:

    - each share will be converted to four while the market price per share will be reduced to a quarter of pre-split price;
    - the record date is set at the end of the business day on Monday, August 24th, 2020;
    - the shares will begin trading on the adjusted basis starting Monday, August 31st, 2020

    Also, on Tuesday, August 11th, Tesla Inc. (TSLA) announced a 5-for-1 stock split. As a result:

    - each share will be converted to five while the market price per share will be reduced to one-fifth of pre-split price;
    - the record date is set at the end of the business day on Friday, August 21st, 2020;
    - the shares will begin trading on the adjusted basis starting Monday, August 31st, 2020

    If you have any positions open with the above instruments, they will be automatically adjusted accordingly.

    Should you have questions, please do not hesitate to contact us at support@teletrade.eu for any clarifications you may need.

    Kind regards,

    The TeleTrade Support Team


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