trivago Announces Ratio Change under its American Depositary Share Program
27 October 2023 - 9:06PM
trivago Announces Ratio Change under its American Depositary Share
Program
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 with the Ratio Change. The ADSs
will continue to be traded on The Nasdaq Stock Exchange under the
symbol “TRVG.”
Additionally, as previously announced, the
Company’s management board, with the approval of its supervisory
board, has resolved to issue a one-time extraordinary dividend,
totaling EUR 184,380,959. As previously announced, part of this
extraordinary dividend in the amount of EUR 167,893,889 is subject
to trivago shareholder approval. The dividend is expected to equal
EUR 0.529228 per Share for those holders as of record on November
3, 2023. The payment of the distribution on the ADS is anticipated
to be made on November 13, 2023.
Further information regarding the one-time
extraordinary dividend is contained in the convening notice and
explanatory notes for the extraordinary general meeting of
shareholders to be held on November 1, 2023, which are available
free of charge in the Investor Relations section of trivago N.V.'s
corporate website at ir.trivago.com.
About trivago N.V.trivago is a global hotel and
accommodation search platform. We are focused on reshaping the way
travelers search for and compare different types of accommodations,
such as hotels, vacation rentals and apartments, while enabling our
advertisers to grow their businesses by providing them with access
to a broad audience of travelers via our websites and apps. Our
platform allows travelers to make informed decisions by
personalizing their search for accommodations and providing them
with access to a deep supply of relevant information and
prices.
Media Contactcorentine.aronica@trivago.com
Investor Contact:ir@trivago.com
Forward looking statementsThis press release contains
certain forward-looking statements. Words, and variations of words
such as "believe," "expect," "plan," "continue," "will," "should,"
and similar expressions are intended to identify our
forward-looking statements. These forward-looking statements
involve risks and uncertainties, many of which are beyond our
control, and important factors that could cause actual events and
results to differ materially from those in the forward-looking
statements. For additional information factors that could affect
our forward-looking statements, see our risk factors, as they may
be amended from time to time, set forth in our public filings with
the Securities and Exchange Commission. We disclaim and do not
undertake any obligation to update or revise any forward-looking
statement in this press release, except as required by applicable
law or regulation.
As used herein, references to "we", "us", the "company", or
"trivago", or similar terms shall mean trivago N.V. and, as the
context requires, its subsidiaries.
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