Criteo S.A. (NASDAQ: CRTO) has received shareholder approval for its redomiciliation from France to Luxembourg. The company announced that its shareholders overwhelmingly approved all proposals at its general meeting on February 27, 2026. This decision sets Criteo on course to become a Luxembourg company in the third quarter of 2026, subject to customary conditions.
The conversion and replacement of its American Depositary Shares (ADSs) structure with ordinary shares to be directly listed on NASDAQ are expected to enhance shareholder value over the long term. These changes are expected to increase the company's strategic flexibility and strengthen its ability to deliver sustainable long-term value for its shareholders.
Criteo's board of directors believes that the redomiciliation will position the company for potential inclusion in certain U.S. indices, subject to meeting other eligibility criteria, expanding its access to passive investment capital and broadening its shareholder base. Additionally, the move is expected to provide greater capital management flexibility by reducing or eliminating current restrictions related to share repurchases and holdings of treasury shares. The company also anticipates that the elimination of fees and complexities associated with ADSs could potentially increase stock liquidity.
Criteo's AI-powered advertising platform has unique access to over $1 trillion in annual commerce sales, powering connections with shoppers, inspiring discovery, and enabling highly personalized experiences. The company's technology, tools, and insights are designed to help businesses drive performance and growth.
The voting results and additional details regarding the redomiciliation have been filed with the U.S. Securities and Exchange Commission in a current report on Form 8-K. Following these announcements, the company's shares moved -4.88%, and are now trading at a price of $19.49. Check out the company's full 8-K submission here.
