Friday, September 24, 2021

Equity Corporate Actions Alert #2021 - 205
Spin-Off/Distribution Information for j2 Global, Inc. (JCOM)

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  • Industry Announcement

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On September 21, 2021, j2 Global, Inc. (JCOM) announced a spin-off of Consensus Cloud Solutions, Inc. Concurrent with the spin-off, j2 Global, Inc. will change its name to Ziff Davis, Inc. (ZD). Please note that effective October 1, 2021, under the CUSIP Permanence Policy, the CUSIP number will remain the same for the change of name to Ziff Davis, Inc. to be effected on October 8, 2021. The EX-Distribution When-Issued market of Ziff Davis, Inc. (ZDVSV) and the When-Issued market for Consensus Cloud Solutions, Inc. (CCSIV) are expected to begin trading on Nasdaq on September 30, 2021. The details for the spin-off and When-Issued markets are as follows:

Parent Company/Issue: j2 Global, Inc. Common Stock
CUSIP: 48123V102
Symbol: JCOM
Record Date: October 1, 2021
Payment Date: October 7, 2021
EX Date: October 8, 2021
Due Bill Redemption Date: October 12, 2021
Ratio of Spin-Off/ Distribution:
One (1) share of Consensus Cloud Solutions, Inc. common stock (CCSIV) for every three (3) shares of j2 Global, Inc. common stock (JCOM) held.

An EX-Distribution When-Issued market will be established for Ziff Davis, 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: ZDVSV
CUSIP: 48123V110
First Trade Date: September 30, 2021
Anticipated Suspension Date: October 8, 2021
Settlement Date: October 13, 2021

A When-Issued market will be established for the shares of Consensus Cloud Solutions, Inc. (CCSIV). The symbol will change to CCSI on October 8, 2021. The details for the When-Issued market are as follows:

Symbol: CCSIV
CUSIP: 20848V105
First Trade Date: September 30, 2021
Regular Way Trading Begins: October 8, 2021
Settlement Date: October 13, 2021

j2 Global, Inc. will change its name to Ziff Davis, Inc. upon completion of the spin-off. The details of the name, symbol, & CUSIP changes are follows:

Current Company Name & Issue Type: j2 Global, Inc. Common Stock
New Company Name & Issue Type: Ziff Davis, Inc. Common Stock
Current CUSIP: 48123V102
CUSIP: 48123V102
Current Symbol: JCOM
New Symbol: ZD
Marketplace Effective Date: October 8, 2021
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 CCSIV or ZDVSV contact Nasdaq Trading Services at +1 212 231 5100.


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