What is the effect of the stock split of June 26, 2000, on SAP stock and ADRs?
Ordinary and preference shares were split three for one. This means shareholders have three times the number of ordinary and preference shares since the stock split. Essentially, nothing changed for holders of the SAP ADR since the split. They still hold the same number of ADRs, but the number of ADRs per preference share decreased from 12:1 to 4:1.
