ADR issuers are typically large multinational corporations. Any non-US company seeking to raise capital in the US or increase their base of US investors can issue ADRs.
US investors may prefer to purchase ADRs rather than ordinary shares in the issuer’s home market because ADRs trade, clear and settle according to US market conventions. ADRs also allow easy comparison to securities of similar companies, as well as access to price and trading information.
AkzoNobel ADRs are traded in the OTCQX platform, which is part of the OTC Markets Group Inc. (over the counter) market.
The International OTCQX is a premium market tier which distinguishes leading international companies from other securities traded in the US OTC market by the quality of their operating businesses, the excellence of their disclosure and their listing on a qualifying foreign stock exchange. Also, the reporting and disclosure requirements of the International OTCQX are in line with the company’s current standards of disclosure.
Converting ordinary shares into ADRs must be done through a broker, investment advisor or directly through Deutsche Bank Trust Company Americas. You can contact Deutsche Bank broker services desk on
+1 212 250 9100 or
+44 207 547 6500.
If you do not hold via a broker, bank or nominee, please contact our transfer agent:
Deutsche Bank Shareholder Services
American Stock Transfer & Trust Company
Peck Slip Station
P.O. Box 2050 DB@amstock.com
New York, NY 10272-2050
To download the AkzoNobel annual report, please visit the dedicated website.
For other company reports, please visit the Reports and presentations section. To receive Notice of meeting and related proxy materials, please contact our transfer agent if you are a registered holder. Beneficial holders should contact their bank or broker.
For those holders who are not registered because their ADS’s are held through a “Street name” (nominee account), your nominee will receive AkzoNobel documents from time to time from Deutsche Bank to distribute to ADR holders. You need to make arrangements with your nominee if you wish to receive such documents, and to be able to exercise your vote through the depositary bank at General Meetings (if applicable).
In order to transfer ADRs into another person's name, you need to complete a Stock Power Form . Please return it (with inheritance taxes paid where appropriate) to Deutsche Bank, together with your share certificate(s).
If the ADRs owner has died and is the sole holder, you need to notify the Transfer Agent as soon as possible. A restriction will be placed on the holding to retain dividends until probate is registered. You will then be contacted by letter to explain what is required from the executor or administrator of the estate. If the ADRs are held in joint names, the account can be re-registered in the sole name of the other owner(s). You need to notify the Transfer Agent in writing, enclosing the original share certificate and a certified copy of the death certificate, so that a replacement certificate can be issued in the new name(s).
For further information, please see Amstock