An ADR (American Depositary Receipt) is a negotiable certificate issued by a depositary bank representing a specific number of shares of a non-U.S. company traded on a US stock exchange.
An ADS (American Depositary Share) is the share issued under the ADR agreement which is actually traded. Investors are in a position to hold Mowi ASA ordinary shares through an American Depositary Receipt (ADR) program.
Benefits of ADRs to US investors:
- ADRs give access to cross-border market liquidity
- ADRs are a cost effective way to hold international securities
- ADRs are convenient for US investors because they are quoted in US dollars
- Also, the dividends, if any, are paid to investors in US dollars. ADRs were specifically designed to facilitate the purchase, holding and sale of non-US securities by US investors.
Mowi’s ADSs are traded on the Over-The-Counter market under the ticker symbol MHGVY. Each Mowi ADS represents the right to receive one ordinary share and are evidenced by an ADR
Mowi ADRs can be issued and cancelled through Citibank N.A., Mowi’s Depositary Bank
|Trading platform||OTC US|
|ADR : ordinary share ratio||1:1|
|Depositary Bank||Citibank, N.A.|
If you have any questions about your ADR holding, or if you require any other assistance (eg, to notify a change of address, canceling or transferring ADR certificates, problems relating to lost, destroyed or stolen receipts or to give dividend instructions to a bank account), please contact Citi’s Shareholder Services on Citibank@shareholders-online.com.
Further shareholder services contact details regarding Mowi ASA’s ADR programme:
Broker Contacts at Citibank N.A.:
New York: +1 212 723 5435
London: +44 (0) 207 500 2030
Citibank Shareholder Services
P.O. Box 43077
Providence, Rhode Island 02940-3077
Tel: 1-877-CITI-ADR (toll free)
Tel: 1-781-575-4555 (outside US)
E-mail at: Citibank@shareholders-online.com