RedHill Biopharma (RDHL) has released an update.
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RedHill Biopharma Ltd. has notified shareholders of amendments to its Proxy Statement related to the issuance of restricted share units to certain executives and directors, after implementing a significant change in its American Depositary Shares ratio. The ADS ratio adjustment, effective August 20, 2024, alters the previous 1:400 ratio to 1:10,000, akin to a one-for-25 reverse ADS split, affecting the number of ADSs referenced in the RSU proposals. This clarification ensures accurate reflection of share distribution post-ratio change in the upcoming Annual General Meeting.
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