GKN has a sponsored Level 1 American Depositary Receipt (ADR) facility in the United States, with each ADR representing one GKN ordinary share. GKN's ADRs are traded on the US over-the-counter (OTC) market under the symbol 'GKNLY'. The ADR facility is managed by The Bank of New York Mellon.
What is an ADR?
An ADR is a negotiable instrument issued by a depositary bank that evidences ownership of shares in a non-US company and is specifically designed to facilitate the purchase, holding and sale of non-US securities by US investors. Each ADR represents a specific number of underlying ordinary shares in a non-US company on deposit with a custodian in the applicable home market. ADRs are quoted and traded in US dollars in the US securities market.
Dividend payments are generally taxable and will be distributed to ADR holders in US dollars by The Bank of New York Mellon.
Any queries relating to GKN's ADR facility should be directed to The Bank of New York Mellon:
BNY Mellon Depositary Receipts
PO Box 43006
Tel: +1 201 680 6825 (From the US, toll free: +1 888 BNY ADRS)