Trivago announces ratio change under American Depositary Share program

Trivago announced that its management board has approved a change of ratio in the company’s American Depositary Share program, comprising a change in the ratio of American Depositary Shares to trivago class A shares from one ADS representing one Share, to one ADS representing five Shares. The effective date of the Ratio Change 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 new ADR for every five 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.