Examples of ADS Ratio in a sentence
The Share Subdivision and ADS Ratio Change did not result in any change to the number of outstanding ADSs of the Company.
If there is a change in the ratio of ADSs to the Ordinary Shares as of the relevant calculation date, the ADS Ratio will be adjusted to reflect the then-current ratio (the “Current ADS Ratio”).
Following the ADS Ratio Change, each ADS now represents eight ordinary shares.
If, after the Issue Date, the ADS Ratio is increased or reduced, then the number of Warrant ADSs (represented by ADRs) to be issued on exercise of this Warrant Certificate will be reduced or increased (respectively) in inverse proportion to the change in the ADS Ratio, and the Exercise Price per Warrant ADS will be increased or reduced (respectively) in proportion to the change in the number Ordinary Shares issuable per ADS, so that the aggregate Exercise Price remains unchanged.
Following the Effective Date for the ADS Ratio Change, each ADS will represent twenty (20) Shares.