Oatly Announces Plan to Implement ADR Ratio Change

Oatly Group AB (Nasdaq: OTLY) has announced a plan to change the ratio of its American Depositary Receipts (ADRs) to ordinary shares. Currently, one ADR represents one ordinary share, but after the change, one ADR will represent twenty ordinary shares. This adjustment, a one-for-twenty reverse ADR split for holders, will not impact Oatly’s ordinary shares, with no new shares being issued or canceled.

The change is expected to take effect on February 18, 2025, on the Nasdaq Global Select Market, with ADRs to continue trading under the symbol “OTLY.” Any fractional entitlements resulting from the ratio change will be combined and sold by the depositary bank, with proceeds distributed to applicable ADR holders. Oatly's financial results will be reported on February 12, 2025, with any necessary updates regarding the ADR ratio change provided at that time.