Cadence Design Systems BDRs undergo 16-for-1 stock split in Brazil ratio adjustment
CDNS•Brazil BDR ratio adjustment
Cadence Design Systems BDR program in Brazil is set to reset its underlying-to-BDR ratio to 1:34 from 1:2.
- Mandatory stock split to issue 16 additional BDRs for each 1 BDR held on the eligible date of 24/07/2026.
- Ex-date set for 27/07/2026; new BDRs scheduled to be credited on 29/07/2026.
- Fractional entitlements are to be paid in cash, subject to income tax deductions.
