An American Depositary Receipt (ADR) is a receipt representing ordinary or common shares of a non-US company. ADRs are priced in US dollars and traded on US exchanges, allowing investors to buy and sell shares of non-US companies in exactly the same way as they purchase or sell shares of US companies.
adidas AG ADRs, with the ticker symbol "ADDYY," are dollar-denominated securities backed by the shares trading in Germany. The ratio between the ADR and the underlying ordinary shares is 2:1, meaning that two adidas AG ADRs are the equivalent of one adidas AG ordinary share.
In the United States, adidas AG ADRs are traded on the OTCQX International Premier market, the highest over-the-counter market tier provided by OTC Markets Group, Inc. Trading information is readily available on the OTCQX website at www.otcmarkets.com.
The adidas AG ADR Program is a sponsored Level I ADR Program run by Deutsche Bank Trust Company Americas (Deutsche Bank).
|Structure:||Sponsored Level I ADR Program|
Contact details for registered and private ADR Holders:
Deutsche Bank Shareholder Services
American Stock Transfer & Trust Company
Peck Slip Station
P.O. Box 2050
New York, NY 10272-2050
Toll-free number: +1 866 706 0509
Direct Dial: +1 718 921 8137
Contact details for ADR brokers & institutional investors:
Phone (US): +1 212 250 9100
Phone (UK): +44 207 547 6500
As the depositary bank, Deutsche Bank performs various roles for ADR holders as further detailed in the Deposit Agreement, which is available for download on the Securities and Exchange Commission (SEC) website at www.sec.gov.
The depositary bank’s roles are as follows:
- Records and maintains the register of ADR holders,
- Is the stock transfer agent,
- Distributes dividends in US dollars,
- Facilitates the voting process and the exercise of the voting rights of ADR holders at any Company General Meeting if permitted by the Company and the Depositary Agreement,
- Issues and cancels adidas AG American Depositary Shares (ADSs),
- Can distribute Company circulars and General Meetings (including Annual General Meeting) documentation, if applicable.
For those holders who are not registered because their ADSs 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).