Frequently Asked Questions
Our American Depository Receipt program is a way for US investors to purchase certificates – which represent ownership of shares in Greene King – in U.S. dollars and on U.S. markets, rather than buying ordinary shares through the London Stock Exchange. Each ADR represents two Greene King ordinary shares. The following information does not contain all information that may be important to you. For more complete information, we highly recommend that you read the entire deposit agreement and the form of American Depositary Receipt, which contains the American Depositary Shares terms.
What is an American Depositary Receipt?
An ADR is a negotiable U.S. certificate which represents ownership of shares in a non-U.S. corporation. ADRs are quoted and traded in U.S. dollars in the U.S. securities market. Dividend payments (if declared by the Board of Directors) are also paid in U.S. dollars. ADRs were specifically designed to facilitate the purchase, holding and sale of non-U.S. securities by U.S. investors and to provide a corporate finance vehicle for non-U.S. companies.
What are the benefits of ADRs to U.S. investors?
U.S. investors generally prefer to purchase ADRs rather than ordinary shares in the issuer's home market because ADRs trade, clear and settle according to U.S. market conventions. One of the main advantages is the facilitation of diversification into foreign securities. ADRs allow easy comparison to securities of similar companies, as well as access to price and trading information. ADR holders also appreciate U.S. dollar dividend payments (if declared) and receiving corporate action notifications.
How can I find dividend payment and corporate action information for Greene King ADRs?
For dividend and corporate action information, please:
- Visit http://www.adr.db.com. Search the name ‘Greene King’ and then select the ‘Corporate Actions’ tab
- Alternatively, you can contact Deutsche Bank Trust Company Americas Shareholder Services at the following toll-free number: +1 (866) 249 2593 or, for callers outside the U.S. dial +1 (718) 921 8124
When are ADR dividends paid?
Dividends, when declared by Greene King’s Board of Directors, are generally payable to ADR holders in U.S. dollars seven days after dividend payments are paid on Greene King’s Ordinary Shares. This is to accommodate the payment process established by the Greene King and Deutsche Bank.
Where are Greene King ADRs traded?
Greene King ADRs are traded on the U.S. over-the-counter (OTC) markets. The details of our program are:
Structure: Level I ADR
Trading venue: OTC
Ratio: 1 ADR : 2 Ordinary Shares
DR ISIN: US3947022030
What is the difference between a registered holder and a beneficial ADR holder?
A registered holder is one whose name appears on the books of the depositary bank, as registrar; the registered holder is considered the owner of record.
A beneficial holder is one whose holdings are held in another name, such as a broker, bank or nominee.