An American Depositary Receipt (ADR) is a security which has been created to permit US investors to hold shares in non-US companies. ADRs are quoted in US dollars and trade just like any other US security. Trading in ADRs, as opposed to ordinary shares, permits US residents to trade in US dollars in the US securities markets as they would with other US securities.
Home Retail Group plc have an American Depositary Receipt (ADR) programme that trades on the Over-The-Counter ('OTC') market in the US. Home Retail has chosen to have the ADRs quoted on the OTC market's highest tier, International PremierQX. More information can be obtained from www.otcqx.com.
An ADR is a receipt that is issued by a depositary bank representing ownership of a company's underlying ordinary shares. The company has a sponsored Level 1 ADR programme for which Citibank acts as Depositary. When dividends are paid to shareholders, the depositary makes the equivalent payment in US dollars to ADR holders.
Click here for more information on Home Retail Group ADRs.
Home Retail Group's ADR programme is administered by Citibank and ADR enquiries may be directed to the address below:
Citibank Shareholder Services
P.O. Box 43077
Phone - toll free: 1-877-Citi-ADR (248-4237)
Or visit Citi's Depositary Receipts Services at: www.citi.com/dr