American Depositary Receipt
Software AG Corporation has established a Level I American Depositary Receipt (ADR) Program. ADRs are negotiable US certificates evidencing ownership of shares for a non-U.S. company. They enable US investors to acquire and trade non-US securities denominated in US dollars. The Level I ADR Program will enable over-the-counter (OTC) trading of unlisted ADRs representing the Software AG stock. Software AG will use the OTCQX platform, a premier market place for over-the-counter business in the US.
The purpose of the Level I ADR Program is to encourage foreign investments into our stock through the U.S. over-the-counter market, especially in the U.S.
Description of the program:
|1.||Type of ADR program :||Sponsored Level I ADR Program|
|2.||Effective date :||October 27, 2005|
|3.||Ratio :||4 ADRs = 1 ordinary share|
|4.||U.S. Security Code :||(Cusip) 83403H 10 1|
|5.||Stock Symbol :||STWRY.PK|
|6.||Depositary bank :||Bank of New York Mellon|
|7.||Local custodian bank :||Bank of New York Mellon|
For further information about our program or ADRs in general please visit the ADR-Website of Bank of New York Mellon.
Please find the company profile of Software AG here.