FAQs

Global Depositary Receipts (GDRs) are negotiable securities representing contractual interests and rights relating to the company’s shares.

Globaltrans Investment PLC GDRs are considered a Single-Listed Depositary Receipt, which is a depositary receipt (DR) whose underlying share is not publicly traded in the issuer's home market. The DR is listed and traded only in the DR market, and cancellation will not result in delivery of a locally listed ordinary share.

The advantages of GDRs to investors may include:

• Quotation in U.S. dollars and payment of dividends and other cash distributions in U.S. dollars.
• Diversification without many of the obstacles that mutual funds, pension funds and other institutions may have in purchasing and holding securities outside of their local market.
• Elimination of separate global custodian safekeeping charges.
• Familiar trade, clearance and settlement procedures.

Generally, GDR holders can transfer between 144 A and Regulation S after the distribution compliance period, known as the “seasoning period”, for the Regulation S security has expired. For information on the process and general requirements, please contact citiadr@citi.com or +1 212 723 5435 / +44 207 500 2030.

GDR issuers are typically large multinational corporations and may include, among others, any non-U.S. company seeking to engage the global market to diversify its investor base, raise capital or offer employee stock purchase plans.

Information on the Globaltrans Investment PLC GDR programme can be obtained on Citibank’s website www.citi.com/dr. For the Terms and Conditions of GDRs, please click here. Additional questions can be directed to Citibank DR division at citiadr@citi.com or +1 212 723 5435 / +44 207 500 2030.

Citibank, N.A. acts as depositary bank for Globaltrans Investment PLC sponsored GDR programme. The depositary bank functions include issuance and cancellation of GDRs, dividend distribution, corporate actions processing, etc. Citibank also maintains the GDR holder register and provides ongoing support to the issuer and its GDR investors. 

For additional general information, please visit Citibank’s website www.citi.com/adr  and search for Globaltrans Investment PLC’s Profile Page. Those owning Globaltrans Investment PLC GDRs through a bank, broker or nominee in “street name” should direct questions about their holdings to their respective bank, broker or nominee representative.

Investors can purchase GDRs through their own full-service, discount, and on-line brokerage firms.

Depositary Receipts are issued or created when investors decide to invest in a non-U.S. company and contact their brokers to make a purchase. These brokers, through their international offices or through a local broker in the company's home market, purchase the underlying ordinary shares and request that the shares be delivered to the depositary bank's custodian in that country. The broker who initiated the transaction will convert the U.S. dollars received from the investor into the corresponding foreign currency and pay the local broker for the shares purchased. On the same day that the shares are delivered to the custodian bank, the custodian notifies the depositary bank. After notification, Depositary Receipts are issued and delivered to the initiating broker, who then delivers the Depositary Receipts evidencing the shares to the investor. Your broker can also obtain Depositary Receipts by purchasing existing Depositary Receipts, which is not a new issuance.

Your broker will assist you with issuances and cancellations of GDRs. For additional information, brokers and investors can contact citiadr@citi.com or +1 212 723 5435 / +44 207 500 2030.

Holders of GDRs have voting rights with respect to their shares deposited with Citibank, N.A. as depositary according to the procedures established by the Deposit agreement. 

Globaltrans notifies the Depositary about the upcoming Annual General Meeting or Extraordinary General Meeting, requests distribution and solicitation, and provides copies of the Notice of the Meeting and Agenda along with any other materials the Company would like their GDR investors to review, such as Shareholders Letter, Explanatory Notes, Financial Statement, etc. The Depositary then sets the record date, prepares the voting proxy card, and distributes proxy packages to all GDR holders listed in the Depositary’s books on the record date, including via European clearing houses Euroclear/Clearstream. Investors should receive relevant information either from Euroclear/Clearstream or through their broker dealers.

Only registered GDR holders (those holding their GDRs directly on the books of the Depositary) will receive meetings materials directly from Citibank. All beneficial holders will receive materials through their brokers.

GDR holders can contact Citibank Depositary Receipts team at:

Phone: +1 212 723 5435 / +44 207 500 2030
Email: citiadr@citi.com 
Website: www.citi.com/adr