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An update from Oatly Group ( (OTLY) ) is now available.
On January 31, 2025, Oatly Group announced a change in the ratio of its American Depositary Receipts (ADRs) to ordinary shares, moving from one ADR representing one share to one ADR representing twenty shares. This adjustment, equating to a one-for-twenty reverse ADR split, is expected to increase the trading price per ADR proportionally without altering the underlying ordinary shares, effective February 18, 2025. The move is aimed at optimizing the company’s ADR trading on the Nasdaq Global Select Market, under the ticker OTLY. The change will not result in the issuance of fractional new ADRs, with fractional entitlements being aggregated and sold, and proceeds distributed to ADR holders. This strategic adjustment is part of Oatly’s ongoing efforts to enhance its market operations, keeping stakeholders informed through planned financial disclosures and conference communications.
More about Oatly Group
Oatly Group AB is the world’s original and largest oat drink company, specializing in the development of oat-based dairy alternatives such as milk, ice cream, yogurt, cooking creams, spreads, and on-the-go drinks. With over 30 years of expertise in oats, the company operates globally, with its products available in more than 40 countries. Headquartered in Malmö, Sweden, Oatly focuses on leveraging oats as a sustainable and versatile crop.
YTD Price Performance: -8.06%
Average Trading Volume: 2,890,293
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $395.4M
Find detailed analytics on OTLY stock on TipRanks’ Stock Analysis page.
