04:31 PM EST, 11/08/2024 (MT Newswires) -- Liberty Global ( LBTYA ) said Friday it has completed the spinoff of its Swiss business Sunrise into a separate publicly traded company.

The move comes after Liberty shareholders approval on Oct. 25, the company said.

Sunrise shares in the form of Sunrise American depository shares will be distributed to Liberty shareholders on Nov. 12, Liberty said.

Liberty shareholders will get 1 Sunrise class A ADS for every 5 class A or class C Liberty shares held and 2 Class B ADSs for every 1 Liberty class B share, Liberty said.

Sunrise class A ADS will start trading on Nasdaq under the ticker SNRE on Nov. 13 and Sunrise class A shares will begin trading on the SIX Swiss Exchange on Nov. 15.