Trina Solar Limited (TSL) announced that it will change the ratio of its ordinary shares to American Depositary Shares or "ADSs" from one hundred ordinary shares to one ADS to fifty ordinary shares to one ADS, effective on January 19, 2010.
No action is required from ADS holders to effect the ratio change. Trina Solar's ADS holders as of January 15, 2010 will be entitled to receive one additional ADS for every one ADS held at the close of business on that date.
The additional ADSs will be issued to the ADS holders on January 19, 2010. Trading on the split-adjusted price resulting from the change of ratio will be effected on January 20, 2010. Other than such ADS price change, the trading of the Company's ADSs will not be affected due to the ADS ratio change.
For Trina Solar's ADS holders, this ratio change will have the same effect as a two-for-one ADS split. There will be no change to Trina Solar's underlying ordinary shares.
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