In order to facilitate investment from American investors, Deutsche Post DHL is investing in a level one sponsored American depository receipt program, also known as an ADR program. Representing deposited ordinary shares, an ADR allows American investors to acquire a holding in Deutsche Post DHL through registered American securities.
Over the counter trading of Deutsche Post DHL ADR began during the first week of December, under the DPSGY symbol. A single ADR represents a single share of ordinary Deutsche Post DHL. The ordinary shares of the organization will continue to trade as normal on the German stock exchanges as well as the XETRA trading exchange. The trading of the ADR along with the settlements will take place OTC within the clearing system of the US. The ADR’s are traded in US$ and as such, all paid dividends will be paid in US$. In order to administer the program in the United States, Deutsche Post DHL has selected the depository bank New York Mellon.
Chief financial officer of Deutsche Post DHL, Larry Rosen said: “We are seeing significant interest in our stock from US investors with a considerable percentage of our shares already being held in the US market. The establishment of the ADR facility will support us in our efforts to further strengthen our relationship with US based shareholders and enable a broader range of investors to participate in the Group and its future development.”
The trading of the ADR along with the settlements will take place OTC within the clearing system of the US. The ADR’s are traded in US$ and as such, all paid dividends will be paid in US$. In order to administer the program in the United States, Deutsche Post DHL has selected the depository bank New York Mellon.
