Ignitis Group has established a Global Depository Receipt (GDR) program with Bank of New York Mellon as GDR depositary. The GDR program trades on the London Stock Exchange under the symbol IGN. Each GDR represents one Ignitis Group Ordinary Share.
DR Venue: London Stock Exchange
Ratio (GDR:ORD): 1 GDR : 1 ORD
Reg S: US66981G2075
Rule 144A: US66981G1085
More GDR related information is available on the Bank of New York Mellon GDR website.
Bank of New York Mellon, in its capacity as depositary bank, distributes proxy material and tabulation and casts proxy votes for shareholder meetings. Holders of GDRs are entitled to instruct the Depositary Bank, Bank of New York Mellon as a proxy to exercise the voting rights with respect to the number of ordinary shares represented by the respective GDRs.
The exchange ratio between Ignitis Group GDRs to ordinary shares is 1:1, i.e., one Ignitis Group GDR represent one Ignitis Group ordinary share.
Dividends are paid for ordinary shareholder and GDR owners. In GDR case, the GDR depositary (Bank of New York Mellon) is responsible for distributing the dividend to GDR owners in EUR. Bank of New York Mellon also collects fees from GDR holders for each cash distribution of EUR 0.02 per share.
GDR owners should contact their Broker or Tax adviser to inquire about the possible tax levies, Double Taxation Avoidance or other taxes related to GDRs.
For all GDR related questions, including but not limited the right to receive dividends and other aspects, eligibility of tax exemptions, application of treaties on avoidance of double taxation and refund of withholding tax relating to an investment in the GDRs, taking into account the specifics of legal regulation of the GDRs as well as market differences, investors must consult with the issuer of the GDRs, its authorized party or their securities managers.
All relevant Bank of New York Mellon contacts are available on their website.