Criteo S.A. disclosed the proposed transfer of its legal domicile from France to Luxembourg through a cross-border conversion, marking a significant strategic shift in its corporate structure.
The Board of Directors greenlighted the substitution of American Depositary Shares (ADSs) with ordinary shares on the Nasdaq exchange, reinforcing the company's commitment to aligning its listing structure with its new legal domicile.
A crucial shareholder meeting is scheduled for February 27, 2026, in Paris, where shareholders will vote on the Conversion and associated matters, underlining the importance of investor approval in this pivotal corporate decision.
Strategic Move for Enhanced Value Creation
The decision to redomicile to Luxembourg signifies Criteo's strategic initiative to simplify its organizational framework, optimize capital deployment, and synchronize its market presence with its long-term strategic objectives, ultimately aiming to enhance shareholder value.
Shareholder Approval Process Details
With the upcoming general meeting on February 27, 2026, ordinary shareholders and ADS holders must adhere to specific record dates to participate in the decision-making process, highlighting the meticulous planning required for shareholder engagement in this transformative event.
Future Strategic Roadmap
Post the Conversion to Luxembourg, Criteo is contemplating a subsequent redomiciliation to the United States, subject to Board endorsement and stakeholder consultations, indicating the company's forward-looking approach towards potential future regulatory and operational optimizations.
- Criteo's relocation of its legal domicile to Luxembourg symbolizes a strategic repositioning geared towards fortifying shareholder value and redefining its strategic landscape.
- The redomiciliation showcases Criteo's dual commitment to its French workforce and global expansion ambitions, prioritizing flexibility in capital management strategies and sustainable long-term growth prospects.
Criteo's upcoming shareholder assembly stands as a pivotal event for ratifying the redomiciliation to Luxembourg, marking a transformative step with far-reaching implications for the organization's operational and strategic trajectory.