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Garmin BDR program executes 8-for-1 stock split in Brazil - GRMN News | Rallies

Garmin BDR program executes 8-for-1 stock split in Brazil

GRMN•2026-07-15

BDR split details

Garmin BDR program to execute a mandatory stock split tied to a ratio change in the underlying share to BDR conversion.

Conversion ratio shifts to 1:16 from 1:2; each BDR held on 29/07/2026 will receive 7 additional BDRs.
BDRs trade ex-split in Brazil on 30/07/2026; the new ratio is effective from the market open that day.
New BDRs are scheduled to be credited on 03/08/2026; any fractional entitlements will be paid in cash.

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