ADR Nível I
Banco do Brasil (BB) established a sponsored Level I ADR (American Depositary Receipt) program on December, 2009. BB´s shares are trading Over-the-Counter (OTC) in the USA as American Depositary Receipts (ADRs). The ratio between BB’s voting shares and the ADR is 1:1, i.e. one BB’s voting share represents one ADR.
The depositary bank of the program is BNY Mellon and Banco do Brasil S.A. is the custodian of the underlying shares.
Banco do Brasil S.A.
Structure: Sponsored Level I ADR
Exchange: Over-the-counter (OTC) market
Ratio (ADR:VS): 1 ADR : 1 VS (voting shares)
DR ISIN: US0595781040
ADR contact information
For ADRs holders registered in the depositary bank books, contact:
BNY Mellon Shareowner Services
P.O. Box 30170
College Station, Texas 77842-3170
211 Quality Circle, Suite 210
College Station, Texas 77845
Telephone number USA: 1-888-269-2377
Telephone – other locations: 1-201-680- 6825
As the depositary bank, BNY Mellon performs the following roles for ADR holders as further detailed in the Deposit Agreement:
Records and maintains the register of ADR holders;
Distributes dividends in U.S. dollars (if applicable);
Facilitates the voting process and the exercise of the voting rights of ADR holders in Shareholders Meetings if requested by the Company and pursuant the Deposit Agreement;
Issues and cancels BB ADRs; and
Distributes Company call notices and Shareholders Meeting documents (if applicable).
For those holders whose are not registered because their shares are held through a ‘Street name’ (nominee account), your nominee will receive company documents from BNY Mellon to distribute to ADR holders. Holders in this situation must inform the nominee the intention to receive such documents and to be able to exercise your vote through the depositary bank in Shareholders Meetings (if applicable).
Updated 12/07/2020 at 04:54 pm