SAP BDRs in Brazil undergo 14-for-1 split after ratio adjustment, B3 says
SAP•Brazil BDR program to split 14-for-1
SAP SE's BDR program in Brazil will undergo a mandatory 14-for-1 stock split via a ratio change to 1:14 (underlying:BDR).
- Holders will receive 13 additional BDRs per BDR, based on positions as of July 24, 2026.
- The BDRs will trade ex-split on July 27, 2026.
- New BDRs are scheduled to be credited on July 29, 2026.
- Any fractional entitlements will be paid in cash, with no rounding.
