CHANGZHOU, China, Jan. 6 /PRNewswire-Asia-FirstCall/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic (PV) products from the production of ingots, wafers and cells to the assembly of PV modules, today announced that it will change the ratio of its ordinary shares to American Depositary Shares ("ADSs") from one hundred (100) ordinary shares to one ADS to fifty (50) ordinary shares to one ADS, effective on January 19, 2010.
No action is required from ADS holders to effect the ratio change. Trina Solar's ADS holders as of January 15, 2010 will be entitled to receive one additional ADS for every one ADS held at the close of business on that date. The additional ADSs will be issued to the ADS holders on January 19, 2010. Trading on the split-adjusted price resulting from the change of ratio will be effected on January 20, 2010. Other than such ADS price change, the trading of the Company's ADSs will not be affected due to the ADS ratio change.
For Trina Solar's ADS holders, this ratio change will have the same effect as a two-for-one ADS split. There will be no change to Trina Solar's underlying ordinary shares.
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL) is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that have developed a vertically integrated business model from the production of monocrystalline and multicrystalline silicon ingots, wafers and cells to the assembly of high quality modules. Trina Solar's products provide reliable and environmentally friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.com .
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