Tokyo, Japan - June 25, 2001 - Trend Micro Inc. (TSE: 4704; Nasdaq:TMIC), a worldwide leader in network antivirus and Internet content security solutions, announced today a ratio change of its American Depositary Receipt (ADR) program. The ratio will be changed from one share of Trend Micro's underlying Common Stock per ten American Depositary Shares (ADSs) , to one share of Common Stock per one ADS. As a result, one ADS, which currently represents one tenth share of Common Stock in Trend Micro, will represent one share of Common Stock.
The ratio change will be handled by Trend Micro's depositary, The Bank of New York, and will take effect on July 2, 2001, on which date ADRs will begin to trade at the new ratio on the Nasdaq National Market.
Summary of the ratio change
- Old ADR Ratio ( applied until June 29, 2001 )
1 ADR = 0.1 share of common stock
- New ADR ratio ( applied after July 2, 2001 )
1 ADR = 1 share of common stock
- Record date
June 29, 2001 ( the last date of trading at the old ratio and date on which ADR holders will be identified in order to exchange old ADRs for new ADRs.)
- Effective date
July 2, 2001 ( the first date of trading at the new ratio )
More Information Regarding ADRs
Mr. Shunsuke Sumikawa
The Bank of New York
Phone: (212) 815-2042
Fax: (212) 571-3050