These dividends through the ADS Depositary will be subject to the terms of the deposit agreement by and among the company, the ADS Depositary and the holders and beneficial owners of ADSs
issued there under, including the payable fees and expenses.
The underwriters may buy up to further 439,986 ADSs from Telstra for over-allotments pursuant to a 30-day option.
The ADSs start trading today on the New York Stock Exchange (NYSE) as "SFUN".
The company has provided Credit Suisse Securities (USA) LLC and Barclays Capital Inc with a 30-day option to purchase up to 540,000 additional ADSs
to cover over-allotments.
Power holding company Enersis Americas SA (NYSE:ENIA) reported on Tuesday the completion of the distribution of the American Depositary Shares (ADSs) of Enersis Chile SA (NYSE:ENIC) to the holders of Enersis Americas ADSs to complete the spin-off by Enersis Americas of Enersis Chile (the spin-off).
As of 14 April 2016 (the ADS Record Date), the holders of Enersis Americas ADSs received one ADS of Enersis Chile for every ADS of Enersis Americas held by such holder on the ADS Record Date.
Tarena said that it expects a total offering size of USD137.7m, if the underwriters do not exercise their option to purchase additional ADSs
, adding that the Company's ADSs
are expected to begin trading on the NASDAQ Global Select Market on 3 April 2014 under the ticker symbol "TEDU" and each ADS represents one Class A ordinary share.
Additionally, a scrip dividend alternative will be available for those shareholders who elect to receive theirs as new ordinary shares and ADS holders in the form of new ADSs