Deutsche Bank ADR broker services desks
New York:
+1 212 250 9100
London:
+44 (0)20 7547 6500
Vection Technologies ADR Program
Vection Technologies has established a sponsored Level I American Depositary Receipt (ADR) program. Deutsche Bank perform the role of depositary bank.
The Level 1 ADR program trades on the U.S. over-the-counter (OTC) markets under the symbol VCTNY. It is not listed on a U.S. stock exchange. 1 Vection Technologies ADR represents 120 Vection Technologies Ordinary Shares.
Ticker
VCTNY
Structure
Level I ADR
Exchange
OTC
Ratio (ADR:ORD)
1 ADR : 120 Ordinary Shares
DR ISIN
US92242X1028
CUSIP
92242X102
Contact details for ADR investors and brokers:
Contact details for registered ADR holders:
Deutsche Bank Shareholder Services
American Stock Transfer & Trust Company,
6201, 15th Avenue,
Brooklyn, NY 11219
Email:
db@astfinancial.com
Toll free number:
(866) 249 2593 (If calling from within the U.S.)
Direct Call:
+1 718 921 8124 (If calling from outside the U.S.)
Deutsche Bank, as the depositary bank for Vection Technologies’ 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 (when and if dividends have been declared by the Board of Directors)
- Issues new Vection Technologies’ ADRs and cancels existing Vection Technologies’ ADRs
For those holders who are not registered because their shares are held through a ‘street name’ (bank or broker 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).
Frequently Asked Questions (FAQs)
An ADR is a negotiable U.S. certificate representing 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.
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.
Vection Technologies’ ADRs are traded on the US over-the-counter (OTC) markets. They are not listed on a U.S. stock exchange.
- Ticker: VCTNY
- Structure: Level I ADR
- Exchange: OTC
- Ratio (ADR:ORD): 1 ADR : 120 Ordinary Shares
- DR ISIN: US92242X1028
- CUSIP: 92242X102
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.
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