Progressive BDR ratio shift triggers 10-for-1 stock split on Brazil market - PGR News | RalliesProgressive BDR ratio shift triggers 10-for-1 stock split on Brazil market
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PGR• Progressive Brazil BDR ratio change and split details
- Progressive’s BDR program in Brazil will reset its underlying-to-BDR ratio to 1:20 from 1:2, effective July 27, 2026.
- The adjustment includes a mandatory 10-for-1 BDR stock split, issuing 9 additional BDRs for each 1 BDR held.
- The eligible date is July 24, 2026; new BDRs are scheduled to be credited on July 29, 2026.
- Fractional entitlements will be paid in cash rather than delivered as BDRs.
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