Oatly (OTLY) Announces Plan to Implement ADR Ratio Change
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Oatly Announces Plan to Implement ADR Ratio Change
January 31, 2025 8:00 AM ESTMALM, Sweden, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Oatly Group AB (Nasdaq: OTLY) (Oatly or the Company), the worlds original and largest oat drink company, today announced that it plans to change the ratio of its American Depositary Receipts (ADRs) to ordinary shares from one ADR representing one ordinary share to one ADR representing twenty ordinary shares.
This ratio change will have the same effect as a one-for-twenty reverse ADR split for Oatlys ADR holders. There will be no change to Oatlys underlying ordinary shares, and no ordinary shares will... More
