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Ericsson Board Authorizes 1:10 Ratio Change for American Depositary Shares

本文发表在 rolia.net 枫下论坛The Board of Directors of Ericsson ERICY has authorized a change in the ratio of its American Depositary Shares (ADSs) as they relate to its Class B-shares.

The change is expected to become effective as of October 23, 2002.

One ADS at the new ratio will be issued in exchange for every ten currently outstanding. Following this exchange, one new ADS will represent 10 Class B-shares. This will result in a technical price adjustment to the ADSs corresponding to the ratio change. The current ratio is 1:1.

Ericsson's Board has authorized this change in order to comply with the listing requirements of the Nasdaq National Market. ADS holders will not be charged a fee for this transaction.

After the change, the ADSs will temporarily trade under the interim symbol of "ERICD" for a period of 20 days to assist in making investors aware of the ratio change. Thereafter, the symbol will revert to the original "ERICY" trading symbol.

The ratio change will reduce the number of outstanding ADSs from approximately 1.7 billion to approximately 170 million. Citibank, N.A., as depositary, will notify existing ADS holders as to how to exchange their share certificates. ADS holders will be compensated at a rate to be determined for holdings not amounting to ten or not divisible by ten.更多精彩文章及讨论,请光临枫下论坛 rolia.net
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Replies, comments and Discussions:

  • 枫下家园 / 理财投资税务 / 奇怪,最近几天怎么找不到ERICSSION的股票(NASDAQ)ERICY的价格信息了?YAHOO FINANCE上没有,CNBC的电视节目也没有ERICY了。有人知道是怎么回事吗?请指点一下吧。谢谢。
    • Ericsson Board Authorizes 1:10 Ratio Change for American Depositary Shares
      本文发表在 rolia.net 枫下论坛The Board of Directors of Ericsson ERICY has authorized a change in the ratio of its American Depositary Shares (ADSs) as they relate to its Class B-shares.

      The change is expected to become effective as of October 23, 2002.

      One ADS at the new ratio will be issued in exchange for every ten currently outstanding. Following this exchange, one new ADS will represent 10 Class B-shares. This will result in a technical price adjustment to the ADSs corresponding to the ratio change. The current ratio is 1:1.

      Ericsson's Board has authorized this change in order to comply with the listing requirements of the Nasdaq National Market. ADS holders will not be charged a fee for this transaction.

      After the change, the ADSs will temporarily trade under the interim symbol of "ERICD" for a period of 20 days to assist in making investors aware of the ratio change. Thereafter, the symbol will revert to the original "ERICY" trading symbol.

      The ratio change will reduce the number of outstanding ADSs from approximately 1.7 billion to approximately 170 million. Citibank, N.A., as depositary, will notify existing ADS holders as to how to exchange their share certificates. ADS holders will be compensated at a rate to be determined for holdings not amounting to ten or not divisible by ten.更多精彩文章及讨论,请光临枫下论坛 rolia.net
      • 谢谢!我是“老外”,对解释看得似懂非懂。我曾在ERICY 0.53usd(nasdaq)时买了点,能否再指点一下,你说的这种调整,对我有何影响吗?好还是坏?感谢!
        • 呵,我只是贴了段他们并股的消息,暂时叫"ERICD",过20天后还叫"ERICY".我不买电讯股,更不熟爱立信这只股票,所以,没什么可推荐的,抱歉
          • Anyway, thanks a lot!
    • Ticker symbol has changed to: ERICD