American Depository Receipts Program
Covestro's ADRs are traded on the U.S. OTC (over-the-counter) market beginning December 1, 2016, under the symbol COVTY. The program enables the company to make direct contact with registered depositary receipt investors and to broaden its shareholder base. Furthermore, employees in the U.S. will have the opportunity to take part in Covestro´s share participation program "Covestment".
American depositary receipts are issued by U.S. depositary banks as tradable securities that certify the right to shares of a non-U.S. company. Investors are thus able to invest indirectly in German companies that are not listed on a U.S. stock exchange. At the same time, securitization ensures increased transparency for investors compared to unsponsored ADRs.
The financial services provider Bank of New York Mellon operates as the depositary bank for the sponsored ADR program.
Please find further details about the ADR trading here.
Covestro ADR program
| Type | Sponsored Level 1 ADR program | ||
| Exchange | Over-the-counter (OTC) | ||
| Ticker Symbol | COVTY | ||
| Currency | US Dollar | ||
| Ratio | 2 ADRs : 1 ordinary share | ||
| CUSIP | 22304D207 | ||
| ISIN | US22304D2071 | ||
| Depositary bank | The Bank of New York Mellon |
Contact details for ADR holders:
Phone (U.S.A.): 1-888 BNY- ADRS
Phone (outside U.S.A.): 1-201-680- 6825
E-mail: shrrelations@cpushareownerservices.com
Website: www.mybnymdr.com
Address for regular correspondence:
BNY Mellon Shareowner Services
P.O. Box 30170
College Station, Texas 77842-3170, U.S.A.
Address for express mail:
BNY Mellon Shareowner Services
211 Quality Circle, Suite 210
College Station, Texas 77845, U.S.A.
Contact details for ADR brokers and institutional investors:
Website: www.adrbnymellon.com/
E-mail New York: adrdesk@bnymellon.com
E-mail global: DRBrokerSolutions@bnymellon.com
This information does not constitute an offer to sell or a solicitation of an offer to buy any securities of Covestro AG.
