American depository receipt FAQs
Find out more about American depository receipts (ADRs) and how to become an L&G ADR holder. We also answer questions that existing ADR holders might have.
About ADRs
An American Depository Receipt (ADR) is a US certificate that represents shares in a non-US company. ADRs are quoted and traded in US dollars on the US securities market, with dividends paid in US dollars. They make it easier for US investors to buy, hold and sell shares in overseas companies.
US individual investors or institutions that want to invest in a foreign company can buy and hold ADRs. They can either buy shares in the local market through a broker in that country or ask their broker to buy ADRs in the US.
If ADRs aren’t available, brokers can arrange for shares to be bought locally and converted into ADRs by our depositary bank, Deutsche Bank.
Deutsche Bank Trust Company Americas.
The depositary bank issues and cancels ADRs, keeps the ADR holder register, pays dividends in US dollars and notifies holders about corporate actions.
ADRs trade, clear and settle under US market rules, which many investors prefer. They also make it easier to diversify into overseas shares and receive dividends in US dollars.
Please contact your broker or investment adviser. This does not represent an offer to buy L&G ADRs.
Information for existing ADR owners
Registered holders can contact Deutsche Bank’s transfer agent, American Stock Transfer, on:
- Toll-free (US only): +1 800 937 5449
- Direct dial: +1 718 921 8124
One of L&G’s ADRs equals five of our ordinary shares.
You can find ADR price quotations and other details on the Deutsche Bank Depositary Receipts Service website.
Dividend record dates for ADRs match those for our ordinary shares. You can find them on the L&G Group website.
Yes. Please contact L&G or Deutsche Bank in writing within the required timescales. Details of upcoming AGMs are in our financial calendar.
If your certificate is lost, stolen or destroyed, contact Deutsche Bank Shareholder Services, American Stock Transfer immediately. They’ll place a stop transfer and send you the forms to issue a replacement. You can also send your ADR certificates to them for safekeeping and convert your account to book-entry registration.
Depositary bank: Deutsche Bank Trust Company Americas
Contact details for ADR brokers and institutional investors:
Phone (US): +1 212 250 9100
Phone (UK): +44 207 547 6500
Deutsche Bank Trust Company Americas also:
- acts as registrar, transfer agent, record keeper and dividend-paying agent
- co-ordinates proxy voting
Contact details for registered and private ADR Holders:
Deutsche Bank Shareholder Services
American Stock Transfer & Trust Company
Operations Center
6201 15thAvenue
Brooklyn, NY 11219
Email: DB@amstock.com
Toll-free number: +1 (800) 937 5449
Direct Dial: +1 718 921 8124