US Trading Symbol: REPYY
Structure: Sponsored Level 1 ADR Program
Ratio (ORD:ADR): 1:1
ADR CUSIP: 76026T205
ADR ISIN: US76026T2050
Depositary Bank: Deutsche Bank
Similar to any other US security, Repsol S.A. ADRs may be purchased through a broker. If you are an individual investor (and not holding via American Stock Transfer) please contact your broker/custodian directly.
Repsol S.A. ADR program is sponsored by Deutsche Bank Trust Company Americas (Deutsche Bank). As the Depositary Bank, Deutsche Bank performs the following roles for ADR holders which are detailed in the Deposit Agreement filed with the U.S. Securities and Exchange Commission (available for download at www.sec.gov within the following link):
For those holders who are not registered because their ADRs are held through a ‘Street name’ (nominee account), your nominee will receive Company documents from time to time from Deutsche Bank to distribute to ADR holders. You need to make arrangements with your nominee if you wish to receive such documents and to be able to exercise your vote through the depositary bank at General Meetings (if applicable).
Notice: the following information does not contain all information that may be important to ADR holders. For more complete information, we highly recommend that you read the entire deposit agreement and the form of American Depositary Receipt, which contains the American Depositary Shares terms. SEC Filing Link.
ADRs are a negotiable US-dollar denominated certificate representing shares in a non-US company. Repsol S.A.’s ADRs represent Repsol S.A.’s ordinary shares deposited with the Depositary Bank, which underlie such certificates and carry the associated shareholder rights. Holders of ADRs have the right to vote on shareholder resolutions and to receive dividends in US dollars. The term ADR and ADS are often used interchangeably. ADRs were specifically designed to facilitate the purchase, holding and sale of non-U.S. securities by US investors, and to provide a corporate finance vehicle for non-U.S. companies.
U.S. investors may prefer to purchase ADRs rather than ordinary shares in the issuer’s home market because ADRs trade, clear, and settle according to U.S. market conventions. One of an ADRs’ top advantages is the facilitated diversification into foreign securities. ADRs also allow easy comparison to securities of similar companies as well as access to price and trading information.
Converting ordinary shares into ADRs must be done through a broker, an investment advisor, or through Deutsche Bank Trust Company Americas.
You may buy or sell Repsol ADRs through your broker or through Repsol’s depositary bank.
This is the relation between the numbers of ADRs and the number of ordinary shares. One Repsol ADR represents one Repsol ordinary share, i.e. the ratio is 1:1.
Repsol's American Depositary Receipt (ADR) started trading in the OTCQX platform on 4 March 2011. Repsol S.A. ADRs are traded on the OTCQX International Premier market, the highest over-the-counter-market tier provided by OTC Markets Group, Inc. under the symbol “REPYY”. You can refer to http://www.otcqx.com.
The U.S. OTC trading in Level 1 ADRs is carried out by market makers using inter-dealer quotation services of OTC Markets (operated by OTC Markets) www.otcmarkets.com.
Deutsche Bank Trust Company Americas (Deutsche Bank). The depositary bank plays a key role in issuance as well as cancellation of ADRs. It also, inter alia, maintains the ADR holder register, distributes the dividends in US dollars and facilitates the exercise by the ADRs holders of their voting rights (if necessary).
A registered holder is one whose name appears on the books of the depositary. The registered holder is considered the owner of the record. A beneficial holder is one whose holdings are registered in a name other than his or her own, such as the name of a broker, bank, or nominee.