SplitApr 28, 2026, 07:02 AM
SBS Announces 1:5 Stock Split for Common Shares & ADRs
AI Summary
SABESP announced an Extraordinary Shareholders' Meeting on April 28, 2026, to approve a 1:5 stock split of all common shares, without altering the company's share capital. If approved, each existing common share will represent five common shares. The split will affect both common shares trading on the Brazilian Stock Exchange (B3) and American Depositary Receipts (ADRs) on the NYSE, with specific ex-dates and distribution schedules for each market.
Key Highlights
- Extraordinary Shareholders' Meeting on April 28, 2026, to approve 1:5 stock split.
- Each common share will be split into 5 common shares, with no change to share capital.
- B3 common shares trade ex-split rights from April 29, 2026.
- Additional 4 common shares credited on April 30, 2026, reflected in ownership on May 4, 2026.
- NYSE ADRs record date April 30, 2026, for entitlement to new ADRs.
- Additional 4 ADRs distributed to holders on May 6, 2026.
- NYSE ADRs trade ex-split rights from May 7, 2026.
- ADR to common share ratio will remain unchanged at 1:1.