On March 14, 2013, Austrian Post initiated a Level 1 American Depositary Receipt (ADR) program. ADRs are a U.S. dollar-denominated form of equity ownership in a non-U.S. company. They represent that company’s shares and carry the rights attached to them. The Bank of New York Mellon (BNY Mellon) acts as the depositary and transfer agent for the Austrian Post ADR program. The securities trade on the over-the-counter market in the Unites States.
All enquiries on ADR holdings should be made to:
P.O. Box 505000
Louisville, KY 40233
Phone +1 (0) 201 680 6825
1 888 BNY ADRS (toll free in the U.S.)
Website: Bank of New York Mellon
|ADR atio (ADR:Share)||2:1|
|Depositary bank||BNY Mellon|
|Structure||Sponsored Level 1 ADR program|
Answers to the most important questions in relation to the ADR program:
- What is an American Depositary Receipt (ADR)?
An ADR is a negotiable U.S. dollar-denominated certificate representing ownership of shares in a non-U.S. company. ADRs were specifically designed to facilitate the purchase, holding and sale of non-U.S. securities by U.S. investors. Holders of ADRs receive dividends in U.S. dollars.
- What are the benefits of ADRs to U.S. investors?
U.S. investors may prefer to purchase ADRs rather than shares in the issuer’s home market because ADRs trade, clear and settle according to U.S. market conventions and are denominated in U.S. dollars.
- Where are Austrian Post ADRs traded?
Austrian Post ADRs are traded on the over-the-counter (OTC) market in the U.S.
- How do I obtain trading information and historic prices of Austrian Post ADRs?
Trading information and historic prices for HUGO BOSS ADRs can be found on the BNY Mellon website: www.adrbnymellon.com.