An American Depositary Receipt (ADR) is a negotiable instrument representing ownership in securities of a non-US company. It’s a mechanism designed to allow US trading of non-US securities. ADRs are created when a broker purchases the non-US company's shares on the home stock market and delivers these shares to the Depositary. The Depositary bank then issues ADRs on the back of the underlying shares that are held in custody. Depositary Receipts can also be purchased in the US secondary trading market.
Trade in ADRs
Vernalis ADRs trade on the over-the–counter (OTC) market in the US under the symbol ‘VNLPY’, identified by the CUSIP number 92431M206.
The ADR ratio
One Vernalis ADR represents two Vernalis ordinary shares.
The ADR bank
The depositary bank for the Vernalis ADR programme is:
BNY Mellon Shareowner Services
PO BOX 30170
Telephone: +1-888-BNY-ADRS (US toll free)
Telephone: +1-201-680-6825 (International) (There is no IVR on this number. Calls will go directly to CSRs)
ADR holders should address any queries such as lost share certificates, change of address etc. to BNY Mellon Shareowner services using the details above.