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Friday, October 22, 2021

Equity Corporate Actions Alert #2021 - 232
Information regarding the When-issued Listing for Loyalty Ventures Inc. (LYLTV), a spin off from NYSE Alliance Data Systems Corporation (ADS)

Category:

  • Industry Announcement

Markets Impacted:

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Alliance Data Systems Corporation (NYSE: ADS) has announced a spin-off of Loyalty Ventures Inc. listing on Nasdaq Global Select Market with a record date of October 27, 2021. Shareholders of ADS will receive 0.4 shares of Loyalty Ventures Inc. (LYLTV) for each share of ADS held on the record date. The shares of LYLTV will be distributed to ADS shareholders on the payment date of November 5, 2021.

A when issued market will be established for Loyalty Ventures Inc. under the symbol LYLTV. The details for the when issued market are as follows:

Symbol: LYLTV
CUSIP: 54911Q107
Anticipated First Trade Date: October 26, 2021

The first day of “regular way” trading is anticipated to be November 8, 2021. The symbol will change to LYLT on that date.

Symbol: LYLT
CUSIP: 54911Q107
Anticipated Effective Date: November 8, 2021
Settlement Date: November 10, 2021

For information regarding this announcement, contact Nasdaq Corporate Data Operations at +1 877 308 0523 or Jay Heller at +1 212 401 8932.

If you would like to register as a market maker in LYLTV contact Nasdaq Trade Desk at +1 212 231 5100.

For information about the record date of the distribution and ex-distribution when issued trading of ADS, contact NYSE Market Operations at service.desk@nyse.com or +1 212 896 2830.


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