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Thursday, September 5, 2019

Equity Corporate Actions Alert #2019 - 178
(UPDATED) Spin-Off/Distribution Information for Nuance Communications, Inc. (NUAN)

Category:

  • Industry Announcement

Markets Impacted:

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On September 4, 2019, Nuance Communications, Inc. (NUAN) announced a spin-off of its subsidiary Cerence Inc. The EX distribution when-issued market of Nuance Communications, Inc. (NUANV) and the when-issued market for Cerence Inc. Common Stock (CRNCV) will begin trading on Nasdaq on Monday, September 16, 2019. The details for the spin-off and when-issued markets are as follows:

Company/ Parent: Nuance Communications, Inc.
Issue: Common Stock
CUSIP: 67020Y100
Symbol: NUAN
Record Date: September 17, 2019
Payment Date: October 1, 2019
EX Date: October 2, 2019
Due Bill Redemption Date: October 3, 2019
Ratio of Spin-Off/ Distribution:
 One (1) share of Cerence Inc. common stock (CRNC) for every eight (8) shares of Nuance Communications, Inc. (NUAN) held.

An EX distribution when issued market will be established for Nuance Communications, 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: NUANV
CUSIP: 67020Y308
First Trade Date: September 16, 2019
Suspension Date: October 2, 2019
Settlement Date: October 4, 2019

A when-issued market will be established for the shares of Cerence Inc. (CRNCV). The details for the when issued market are as follows:

Symbol: CRNCV
CUSIP: 156727109
First Trade Date: September 16, 2019
Regular Way Trading Begins: October 2, 2019
Settlement Date: October 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 NUANV or CRNCV contact Nasdaq Trading Services at +1 212 231 5100.

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