Embraer Sets 4-for-1 Split for American Depositary Shares
Photo: TokenPost
Embraer announced a 4-for-1 forward split of its American depositary shares (ADSs), changing the ratio from one ADS for every four common shares to one ADS for each common share. ADS holders of record at the close of trading on Nov. 9 will receive three additional ADSs for each ADS held. The additional ADSs are scheduled for distribution after the close of trading on Nov. 13. Split-adjusted trading under the new ratio is expected to begin at market open on Nov. 16. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
