ADR

An American Depositary Receipt (ADR) is a negotiable US dollar denominated certificate representing ownership of shares in a non-US company. AkzoNobel’s ADRs represent AkzoNobel’s ordinary shares deposited with the depositary bank, to underlie such certificates and carry the rights attached to them as detailed in the Depositary Agreement.

Holders of ADRs receive dividends in US dollars and have the right to vote on shareholders resolutions. ADRs were specifically designed to facilitate the purchase, holding and sale of non-U.S. securities by US investors. ADRs are also referred to as American Depositary Shares (ADSs), these terms are interchangeable.
Key ADR facts
Ticker symbol AKZOY
ISIN code US0101993055
CUSIP code 010199305
Structure Sponsored Level I ADR
Exchange OTC
Ratio (ADR:ORD) 3:1

AkzoNobel’s ADR program is sponsored by Deutsche Bank Trust Company Americas (Deutsche Bank).

    As the depositary bank, Deutsche Bank performs the following roles for ADR holders as further detailed in the Deposit Agreement.
  • Records and maintains the register of ADR holders;
  • Is the stock transfer agent;
  • Distributes dividends in U.S. dollars;
  • Facilitates the voting process and the exercise of the voting rights of ADR holders at any Company General Meeting if permitted by the Company and the Depositary Agreement;
  • Issues and cancels AkzoNobel American Depositary Shares (ADSs);
  • Distributes AkzoNobel circulars and General Meetings (including Annual General Meeting) documentation, if applicable.

Listing and Trading

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
New York, NY 10272-2050
Email: DB@amstock.com

Toll-free number: +1 (800) 937 5449
Direct Dial: +1 (718) 921 8124

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

Dividend and Tax information

Dividends are paid in US dollars and are generally taxable, just like dividends on US shares. The AkzoNobel dividend is subject to a Dutch withholding tax of 15 percent of the gross amount. Under terms of the Convention for the Avoidance of Double Taxation Agreement between the United States and the Netherlands, eligible ADR holders may reclaim 15 percent, thereby reducing their withholding tax to 0 percent.

ADR holders eligible for the refund must be residents of the United States in accordance with the aforementioned convention. We advise you to contact your broker or tax advisor for more information and any applicable US tax forms.

For dividend and corporate action information, please visit the Deutsche Bank website. Alternatively, you may contact Deutsche Bank Trust Company Americas Shareholder Services on
toll-free number +1 (800) 937 5449; direct dial: +1 (718) 921 8124.

If you would like to have your dividends paid directly into your bank account, and you are a registered holder, please use the Direct Dividend Deposit Authorization Agreement on AST’s website.

AkzoNobel has a Direct Purchase Plan and Dividend Reinvestment Plan. Deutsche Bank offers these options via the DB-Direct plan, which you can access via the ADR section on the website of Deutsche Bank.

Historical share prices of AkzoNobel’s ADRs, for the purpose of completing your tax return, can be found on the share information section, on Deutsche Bank’s website or on the OTC markets website.

Contact details for American Depositary Receipt (ADR) Holders:

Deutsche Bank Shareholder Services
American Stock Transfer & Trust Company
Peck Slip Station
P.O. Box 2050
New York, NY 10272-2050
Email: DB@amstock.com
Toll-free number: +1 (800) 937 5449
Direct Dial: +1 (718) 921 8124

Contact details for ADR brokers & institutional investors:

US Tel: +1 212 250 9100
UK Tel: +44 207 547 6500