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RBS ADR Ordinary Shares FAQs
What is an American Depositary Receipt (ADR)?
An ADR is a negotiable US certificate representing ownership of shares in a non-US corporation. ADRs are quoted and traded in US dollars in the US securities market. Also, the dividends are paid to investor in US dollars. ADRs were specifically designed to facilitate the purchase, holding and sale of non-US securities by US investors, and to provide a corporate finance vehicle for non-US companies.
What are the benefits of ADR ordinary shares to US investors?
US investors generally prefer to purchase ADRs rather than ordinary shares in the issuer's home market because ADRs trade, clear and settle according to US market conventions. One of the main advantages of ADRs is the facilitation of diversification into foreign securities. ADRs also allow easy comparison to securities of similar companies as well as access to price and trading information, if listed. ADR holders also appreciate dollar dividend payments and receiving corporate action notifications.
Who is the RBS depositary for ADRs?
The Bank of New York. The depositary bank plays a key role in the process of issuance and as cancellation of ADRs. It also maintains the ADR holder register and distributes the dividends in US dollars.
How can I buy RBS ADRs?
If you are interested in buying RBS ADRs, please contact your broker or other investment advisor professional. In addition, if you are a GlobalBuyDIRECT participant, you can buy RBS ADRs through the GlobalBuyDIRECT program of The Bank of New York. This is not, however, an offer to purchase RBS ADRs.
How can I find out how many RBS ADRs I have?
If you are a GlobalBuyDIRECT participant The Bank of New York's ADR department can provide information on your ADR holdings. If you are a registered ADR holder, please visit www.stockbny.com and click on "Individual Account Access". For those holders who are not registered because their shares are held through a "street name" (nominee account), please contact your broker for information on your ADR holdings.
How can I find RBS ADR ordinary share prices?
Up-to-date share price information for RBS ADR ordinary shares can be accessed via the RBS Investor Relations website through the following link: http://www.investors.rbs.com/shareholder_services/ordinaryamericandr.cfm
What is the difference between a registered holder and a beneficial ADR ordinary share holder?
A registered holder is one whose name appears on the books of the depositary. The registered holder is considered the owner of the record. A beneficial holder is one whose holdings are registered in a name other than his or her own, such as the name of a broker, bank or nominee.
How can I find out dividend and corporate action information on RBS?
Dividend dates for ordinary share ADRs will be consistent with those of RBS ordinary shares and can be found on the dividend history page.
When are dividends paid on RBS ADR ordinary shares?
Dividend dates for ADR ordinary shares will be consistent with those of RBS ordinary shares and can be found on the dividend history page. All ADR ordinary share dividends are payable in US dollars.
Where can I find more information in the US about RBS?
RBS files annual, semi-annual, and special reports alongside other information with the Securities and Exchange Commission (SEC). Please visit the SEC filings page of our internet site to view our latest filings. You may also read and copy any documents that RBS file with the SEC at the Public Reference Room, 100 F Street, N.E., Washington, D.C. 20549, USA or call the SEC on 1-800-SEC-0330 for further information on the Public Reference Room. The SEC website http://www.sec.gov is another arena containing the reports and other information that RBS have filed in electronic format.
How can I convert ordinary shares in RBS into RBS ADR ordinary shares?
If you wish to convert London Stock Exchange-listed ordinary shares into ADR ordinary shares you should instruct your broker to contact the ADR Broker Desk at The Bank of New York. Contact details can be found below:
What is the ratio for ADR shares?
The ratio is 1:20: 1 ADR represents 20 ordinary shares.
Why did the ratio change from 1:1 to 1:20?
This was done so that RBS was more in line with its peers on the NYSE.
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FAQs
- Who should I call if we have a general enquiry?
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We want to put you in touch with the right person to help you, so please have a look at the various sections on the Contact Us page.
- What is the registered address of the RBS Group head office?
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The registered address is The Royal Bank of Scotland plc, Registered in Scotland No 90312. Registered Office: 36 St Andrew Square, Edinburgh, United Kingdom, EH2 2YB.
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