TRVG - trivago Announces Ratio Change under its American Depositary Share Program | Benzinga
DÜSSELDORF, Germany, October 27, 2023 - trivago N.V. (NASDAQ:TRVG) announced today that its management board has approved a change of ratio in the Company's American Depositary Share ("ADS") program, comprising a change in the ratio of American Depositary Shares (the "ADSs") to trivago class A shares (the "Shares") from one (1) ADS representing one (1) Share, to one (1) ADS representing five (5) Shares (the "Ratio Change"). The effective date of the Ratio Change (the "Effective Date") is expected to be November 7, 2023.
Pursuant to the Ratio Change, as of the Effective Date, record holders who directly hold ADSs will be required to exchange their existing ADSs for new ADRs on the basis of one (1) new ADR for every five (5) existing ADSs surrendered. The Depositary will contact the Company's ADS holders and arrange for the exchange of their existing ADSs for new ADSs. ADS beneficial holders who hold through an ADS holder intermediary need not take any action in connection with the Ratio Change. No new Shares will be issued in connection ...