Ablynx’s American Depository Receipts – ADRs
||U.S. security (ADR)
||Brussels Stock Exchange
Ablynx sponsors a Level I American Depositary Receipt (ADR) programme in the United States. The ADRs, which each represent one ordinary share of the Company, are publicly traded in the US on the OTC Market, under symbol [ABYLY US].
What are ADRs
American Depositary Receipts (ADRs) are dollar-denominated securities which represent ownership of equity in non-U.S. companies. ADRs trade, clear and settle like any U.S. shares and are held in U.S. custody.
Benefits of ADRs
- ADRs allow U.S. investors to trade locally in non-U.S. companies;
- Dividends are paid in U.S. dollars and the dividend tax re-claim process is taken care of by the depositary bank, typically reducing dividend tax to the U.S. level (with the actual tax rate depending on the investor’s individual circumstances);
- Global custodian safekeeping fees are eliminated when holding ADRs which usually make holding ADRs less expensive.
What is the role of Ablynx depositary bank?
As Ablynx’ depositary bank, J.P. Morgan issues and cancels Ablynx ADRs, serves as transfer agent, maintains the register of ADR holders and distributes dollar-denominated dividends to ADR holders.
How can I buy and sell Ablynx ADRs?
Institutional and individual investors can trade Ablynx ADRs – or have them issued or cancelled – through a U.S. registered broker-dealer.
To obtain intraday quotes of the ADRs, please visit http://www.otcmarkets.com
For questions related to the Ablynx ADR Programme, please contact J.P. Morgan shareholder services
J.P. Morgan Chase Bank, N.A.
4 New York Plaza, Floor 12
New York, NY 10004
Attention: Depositary Receipt Group
Fax: +1 212 552 1950
J.P. Morgan Transfer Agent Service Center
ADR Shareholders can contact:
JPMorgan Chase Bank N.A.
P.O. Box 64504
St. Paul, MN 55164-0854
In US: +1 800 990 1135
Outside the U.S.: +1 651 453 2128
Or visit J.P. Morgan Depositary Receipts Services