Embraer (EMBJ) said Friday it will conduct a 4-for-1 forward split of its American depositary shares, changing the ratio from one ADS representing four common shares to one ADS representing one common share.
ADS holders as of Nov. 9 will receive three additional ADSs for each share held after market close on Nov. 13, it said.
Split-adjusted trading is expected to begin Nov. 16, Embraer added. The change will not affect underlying common shares or holders' economic ownership value, it said.
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