| American Depositary Receipt (ADR) | ||
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An ADR is a negotiable U.S. certificate representing ownership of shares in a non-U.S. corporation. ADRs are quoted and traded in U.S. dollars in the U.S. securities market. Also, the dividends are paid to investor in U.S.dollars. ADRs were specifically designed to facilitate the purchase, holding and sale of non-U.S. securities by U.S. investor, and to provide a corporate finance vehicle for non-U.S. companies. << Top US investors generally prefer to purchase ADRs rather than ordinary shares in the issuer’s home market because ADRs trade, clear and settle according to US market conventions. One of ADRs’ main advantages is the facilitation of diversification into foreign securities. ADRs also allow easy comparison to securities of similar companies as well as access to price and trading information, if listed. ADR holders also appreciate dollar dividend payments and receiving corporate action notifications.
ADRs issuers are typically large multinational corporations. Any non-U.S. company seeking to raise capital in the U.S. or increase their base of U.S. investor can issue ADRs. Investors receive annual reports and proxy materials in English. ADR issuers generally have full information in English about themselves on their websites, as well as on the main depositary bank websites, and are better tracked by the main U.S. financial websites. ADRs listed on U.S. exchanges provide holders with the same level of information as any other U.S. security. Trading information is readily available, financials are reconciled to U.S. Generally Accepted Accounting Principles (GAAP), and the SEC regulates the Company's disclosure to investor. The ADRs are listed and traded on NYSE. The trading code is CGV. The CUSIP number is 204386106. The ratio between the ordinary share and the ADR is 5:1. The Bank of New York Mellon. The depositary bank plays a key role in the process of issuance and as cancellation of ADRs. It also maintains the ADR holder register and distributes the dividends in US dollars. For additional information, please visit The Bank of New York Mellon's website at www.adrbny.com or contact our Investor Relations department. The Bank of New York Mellon
Shareholder Relations Department Church Street Station PO Box 11258 New York, NY 10286-1258 United States of America Call Shareholder Relations at 1-888-BNY-ADRS A registered holder is one whose name appears on the books of the depositary. The registered holder is considered the owner of record. A beneficial holder is one whose holdings are registered in a name other than their own, such as in the name of a broker, bank or nominee. Dividends are paid in U.S. dollars and are generally taxable, just like dividends on U.S. shares. In addition, taxes may be withheld by the ADR company's local government. Depending on individual circumstances, foreign taxes withheld might be applied as a credit against U.S. taxes, or tax reclaim opportunities may be offered. Please contact The Bank of New York Mellon to learn more. For dividend and corporate action information, please visit www.adrbny.com. Go to the DR Corporate Actions or DR Dividends & Distribution buttons on the vertical scroll bar on the left and then enter company name, CUSIP or symbol. You can buy an ADR through any U.S. broker, just as you would U.S. securities. You can purchase Depositary Receipts through BNY Brokerage, Inc. BNY Brokerage Inc. is a wholly owned subsidiary of The Bank of New York Mellon Company and provides professional trade execution to meet all of your investing needs. BNY Brokerage, Inc. is a member NASD/SIPC, and is a wholly-owned subsidiary of The Bank of New York Mellon Company, Inc. Details are provided below. Securities are not FDIC insured and may lose value. BNY Brokerage, Inc.
101 Barclay St. - Fl. 12W New York, NY 10286 Tel :+1-800-255-8282 << Top
How can I buy an via a Direct Purchase or Dividend Reinvestment Plan? Available for ADRs listed on an exchange. Global BuyDIRECT, a Direct Sale/Dividend Reinvestment Plan sponsored by the Bank of New York Mellon, offers investors the opportunity to purchase Depositary Receipts at commissions that are typically less than a retail broker. The Global BuyDIRECT Plan is a dividend reinvestment and direct purchase plan open to existing shareholders and new investor. Through the program, participants can buy initial and additional ADSs, sell ADSs and reinvest dividends all at commissions that are typically less than a retail broker. For information on the Global BuyDIRECT plan, please visit www.adrbny.com. Go to the DR Education button on the vertical scroll bar on the left and then click on How To Buy DRs, followed by Global BuyDIRECT. To request plan brochures and enrollment forms for companies offering Global BuyDIRECT, please call: +1-800-345-1612 Toll-Free Telephone for U.S. Global BuyDIRECT participants: +1-888-BNY-ADRS E-Mail: shareowner-svcs@bankofny.com
A shareholder wishing to convert Paris Stock Exchange-listed ordinary shares in to ADRs should, in the first instance, request that their broker contact the ADR Broker Desk at The Bank of New York Mellon. Contact details can be found below;
Alternatively, the shareholder may contact the ADR Broker Desk at The Bank of New York Mellon direct.
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