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Tuesday, December 4, 2018

Equity Corporate Actions Alert #2018 - 221
(UPDATED) Spin-Off/Distribution Information for NETGEAR, Inc. (NTGR)

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  • Industry Announcement

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On Tuesday, November 29, 2018, NETGEAR, Inc. (NTGR) announced a special stock dividend of shares of Arlo Technologies, Inc. (NYSE: ARLO) held by the company to shareholders of NTGR. The EX distribution when-issued market of NETGEAR, Inc. is expected to begin trading on Nasdaq on Friday, December 14, 2018. The details for the spin-off and when-issued market are as follows:

Company/ Parent: NETGEAR, Inc.
Issue: Common Stock
CUSIP: 64111Q104
Symbol: NTGR
Record Date: December 17, 2018
Payment Date: December 31, 2018
EX Date: January 2, 2019
Due Bill Redemption Date: January 3, 2019
Ratio of Spin-Off/ Distribution:
 1.980295 shares of Arlo Technologies, Inc. Common Stock (ARLO) for each share of NETGEAR, Inc. Common Stock held. (NTGR)

An EX distribution when issued market will be established for NETGEAR, Inc. Trades in the EX distribution when issued market will not carry due-bills for the spin off/distribution. The details for the EX distribution when-issued market are as follows:

Symbol: NTGRV
CUSIP: 64111Q120
First Trade Date: December 14, 2018
Anticipated Suspension Date: January 2, 2019
Settlement Date: January 4, 2019

For information regarding this announcement, contact Nasdaq Corporate Data Operations at +1 877 308 0523.

If you would like to register as a market maker in NTGR or NTGRV contact Nasdaq Trading Services at +1 212 231 5100.

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