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Wednesday, April 18, 2018

Equity Corporate Actions Alert #2018 - 63
Information regarding the listing of MorphoSys AG (MOR)

Category:

  • Industry Announcement

Markets Impacted:

Contact Information:

Nasdaq anticipates the listing of the initial public offering of MorphoSys AG (MOR) on April 19, 2018. The CUSIP number will be 617760202. The company currently has an existing ADS program that trades on the over the counter market under symbol MPSYY with the CUSIP number 617760103. For reasons of German corporate law, the shares underlying the new ADSs will not be immediately fungible with the shares underlying the existing ADSs. Therefore, the new shares will initially be issued with a separate ISIN, and the new ADS will be issued with a separate CUSIP. This is solely due to the fact that the new shares are not entitled to a (theoretical) dividend for the financial year 2017. Following MorphoSys’ annual general meeting in May, the new shares and the existing shares will become fully fungible and the ADS programs will merge. At that time, the existing ADS program (MPSYY) will merge into the new ADS program and only the Nasdaq listed security (MOR) will exist. Both programs will trade simultaneously until a date to be determined following the annual general meeting on May 17, 2018.

If you would like to register as a market maker in MOR, contact Nasdaq Trading Operations at +1 212 231 5100.

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