Proxy Firms Recommend "FOR" Criteo's Redomiciliation to Luxembourg
Summary
Criteo announced that Glass Lewis and ISS, two leading proxy advisory firms, recommend shareholders vote in favor of its proposed redomiciliation from France to Luxembourg and direct Nasdaq listing.
Key Events
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Proxy Firms Endorse Redomiciliation
Glass Lewis and ISS, leading independent proxy advisory firms, recommend shareholders vote "FOR" the proposed transfer of legal domicile from France to Luxembourg.
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Strategic Benefits Highlighted
The redomiciliation aims to position Criteo for potential inclusion in U.S. indices, enhance capital management flexibility, and eliminate fees and complexities associated with ADSs.
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Shareholder Vote Nears
A general meeting of shareholders is scheduled for February 27, 2026, to obtain approval for the conversion and related proposals.
Analysis
This filing provides a significant positive update on Criteo's strategic plan to redomicile to Luxembourg. The recommendations from Glass Lewis and ISS, influential proxy advisory firms, substantially increase the likelihood of shareholder approval for the conversion and direct Nasdaq listing. This move, previously announced on January 7, 2026, is intended to enhance shareholder value by improving eligibility for U.S. indices, offering greater capital management flexibility, and reducing ADS-related complexities. The shareholder meeting is scheduled for February 27, 2026, and a positive vote would pave the way for completion in Q3 2026.
At the time of this filing, CRTO was trading at $17.81 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $931.5M. The 52-week trading range was $16.55 to $47.25. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.