SSE has established a sponsored Level I American Depositary Receipt (ADR) program with Deutsche Bank Trust Company Americas (Deutsche Bank). The Level 1 ADR program trades on the US over-the-counter (OTC) markets under the symbol SSEZY (it is not listed on a U.S. stock exchange). Each ADR represents one SSE Ordinary Share.
Structure: Level I ADR
Ratio (ADR:ORD): 1 ADR : 1 ORD
DR ISIN: US78467K1079
Contact details for ADR investors and brokers:
Deutsche Bank ADR broker services desks
New York: +1 212 250 9100
London: +44 207 547 6500
Contact details for registered ADR holders:
Deutsche Bank Shareholder Services
American Stock Transfer & Trust Company
6201 15th Avenue
Brooklyn, NY 11219
Toll free number: (800) 937-5449
Direct Dial: (718) 921-8124
Deutsche Bank, as the depositary bank for SSE’s sponsored Level I ADR program, performs the following roles for ADR holders:
- Records and maintains the register of ADR holders;
- Is the stock transfer agent;
- Distributes dividends in U.S. dollars;
- Facilitates the proxy voting process and exercises the voting rights on behalf of ADR holders; and
- Issues and cancels SSE ADRs.
For those holders which are not registered because their shares are held through a ‘Street name’ (nominee account), your nominee will receive company 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).