Embraer announces adjustment to ADS ratio
Embraer has confirmed a change to its American Depositary Share (ADS) ratio, shifting the proportion of ADSs relative to its underlying common shares.
Brazilian aerospace manufacturer Embraer announced a structural adjustment to its American Depositary Shares (ADS) trading on the New York Stock Exchange. The company will implement a forward split of its ADSs and modify the ratio of ADSs to common shares to increase the liquidity and accessibility of its equity for international investors.
Following the adjustment, the current ratio will be replaced, effective as of the designated record date. This strategic move is intended to align the trading price of the ADSs with market standards, potentially broadening the base of retail and institutional investors interested in the company.
Embraer shares trade under the ticker symbol EMBJ in New York. The company confirmed that the change does not alter the underlying ownership interest of shareholders in the corporation, nor does it affect the fundamental financial valuation of the business.