Investor Relations
Dark Blue Sea Ltd - American Depositary Receipt (ADR) FAQ’s
Dark Blue Sea Ltd has a Level I American Depositary Receipt (ADR) facility managed by the Bank of New York.
What is an American Depositary Receipt?
An ADR is a negotiable U.S. certificate representing ownership of shares in a non-U.S. corporation. ADRs are quoted and traded in U.S. dollars in the U.S. securities market. Also, the dividends are paid to investor in U.S. dollars. ADRs were specifically designed to facilitate the purchase, holding and sale of non-U.S. securities by U.S. investor, and to provide a corporate finance vehicle for non-U.S. companies. ADRs can be held in book-entry form or as a physical certificate.
What is a level I ADR?
Level I Depositary Receipts are traded in the U.S. OTC market with prices published in the "Pink Sheets" and on some exchanges outside the United States. Establishment of a Sponsored Level I program does not require full SEC registration and the company does not have to report its accounts under U.S. GAAP or provide full SEC disclosure. Essentially, a Sponsored Level I Depositary Receipt program allows companies to enjoy the benefits of a publicly traded security without changing its current reporting process.
What are the benefits of ADRs to U.S. investors?
U.S. investors generally prefer to purchase ADRs rather than ordinary shares in the issuer’s home market because ADRs trade, clear and settle according to U.S. market conventions. One of ADRs’ main advantages 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. ADR holders also appreciate dollar dividend payments and receiving corporate action notifications.
What types of companies issue ADRs?
ADRs issuers are typically large multinational corporations. Any non-U.S. company seeking to engage the U.S. market to diversify its investor base, raise capital in the U.S. or offer U.S.-type employee plans.
Is it easy to get information and updates on an ADR company?
ADR issuers generally have full information in English about themselves on their websites, as well as on the main depositary bank websites, and are tracked by the main U.S. financial websites.
Where are Dark Blue Sea ADRs traded and under what ticker?
Symbol DKBLY
CUSIP 23723Q100
Exchange OTC
Ratio 1 ADR:20 ORDs
Depositary BNY
Effective Date Nov 17, 2005
Underlying SEDOL 6318376
Underlying ISIN AU000000DBS7
U.S. ISIN US23723Q1004
http://www.adrbny.com/dr_profile.jsp?cusip=23723Q100
Who is the depositary bank for Dark Blue Sea ADRs?
The Bank of New York (BNY). The depositary bank plays a key role in the process of issuance and cancellation of ADRs. It also maintains the ADR holder register and distributes the dividends in U.S. dollars. The Bank of New York is a DTC (Depositary Trust Company) participant as are brokers & dealers, other banks, trust companies and clearinghouses. For additional general information, please visit The Bank of New York's website at www.adrbny.com and search for Dark Blue Sea Profile Page. Registered holders wishing to access their account with The Bank of New York (BNY acts as both ADR depositary bank & registrar):
The Bank of New York
Investor Services
P.O. Box 11258
Church Street Station
New York, NY 10286-1258
Toll Free Tel # for domestic callers:
1-888-BNY-ADRs
International Callers can call:
212-815-3700
For the issuance of ADRs please contact:
Mr Jason Paltrowitz
Tel: +1 212 815 2077
Fax: +1 212 571 3050
E-mail: jpaltrowitz@bankofny.com
Email:
shareowners@bankofny.com
Websites:
http://www.stockbny.com
What is the difference between an ADR and an ADS?
An ADR (American Depositary Receipt) is a negotiable certificate issued by a depositary bank representing a specific number of shares of a non-U.S. company traded on a U.S. stock exchange. An ADS is the share issued under the ADR agreement which is actually traded.
Can I buy Dark Blue Sea ADRs through a broker just as you would buy U.S. securities?
Yes.
How do I convert my ordinary shares into ADRs?
Converting ordinary shares into ADRs must be done through a broker or an investment advisor.
Can I purchase ADRs directly from Dark Blue Sea?
No.
What is the difference between a registered holder and a beneficial ADR 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.
I did not receive a certificate with the purchase of my ADRs. How can I obtain a traditional certificate?
For registered owners ownership is registered by the depositary bank and is evidenced by an account statement, provided by the depositary. Registered owners hold physical ADR certificates issued by the Depositary Bank and receive dividends, and proxy materials directly from The Bank of New York.
Owners of Dark Blue Sea ADRs that are registered in the "nominee name" or "street name" of a bank, broker or other institution that holds such securities for the accounts of others are considered beneficial owners. ADRs held in this form are book-entry securities, where the beneficial owner’s interest is recorded in an account held by the institution rather than by registration with the ADR depositary. Major benefits of book-entry ownership are the elimination of problems associated with paper certificates such as storage, safety of securities or cost and inconvenience of replacement. Book-entry ADRs eliminate the requirement for physical movement of certificates at the time of sale or transfer of ownership. Investors purchasing ADRs through a broker who wish to become registered owners must specifically direct the broker to register the shares with the ADR depositary. If you choose to have a certificate issued, please contact The Bank of New York.
How can I find out how many ADR shares I have?
For those holders who are not registered because their shares are held through a "Street name" (nominee account), please contact your nominee for information on your ADR holdings.
Do I always get an ADR certificate?
Your Dark Blue Sea ADR represents your ownership of shares in the company and can be held in certificate or book-entry form. If you hold your ADRs in certificate form these should be kept in a safe-deposit box or secure place. Certificates are negotiable documents and should be signed only in the event of a sale or transfer of ownership. If you hold your ADRs through a "Street Name" (nominee account) these will be in book-entry form and therefore you will not have an ADR certificate.
How often will I receive account statements?
You will receive account statements following each investment activity. You will also receive a statement at the end of the year showing all year-to-date transaction activity. You should retain these statements for tax purposes.
What should I do if I lose an ADR certificate?
If your certificate is lost, stolen, or destroyed, notify The Bank of New York investor hotline +1-888-BNY-ADRs / +1-888-269-2377. Please ensure you have your Social Security Taxpayer Identification number ready when calling.
How do I change my address?
It is important that you call The Bank of New York when you move so that your account records can be updated and your dividend check is sent to the right address.
In what currency do Canadian residents receive dividends?
Resident Canadian ADR shareholders will receive their dividends in U.S. dollars.
Who will vote the ADR's at the Shareholders' Meeting?
Holders of ADRs are entitled to instruct the Depositary Bank, The Bank of New York, as a proxy to exercise the voting rights with respect to the number of ordinary shares represented by the respective ADRs. If no instructions are received from a Holder, the shares will remain un-voted.
How are dividends paid and taxed?
Dividends are paid in U.S. dollars and are generally taxable, just like dividends on U.S. shares.
How can I replace a lost dividend check?
You can request the replacement of a lost dividend check by calling The Bank of New York. Upon authorization from you, a stop payment order will be placed against the original check and a replacement check will be issued to you. Please have your Social Security Number ready when calling.
How can I find out Dark Blue Sea ADR dividend information?
For the most current Dark Blue Sea ADR dividend information you can call The Bank of New York. Please have your account number, exact address, and exact name(s) on the account ready when you call. You can also refer to The Bank of New York website and double click on the "Dividends and Distributions" section.
Can I have my dividends directly deposited into my bank account?
All or a portion of your cash dividend can be wired directly to your bank account. In order to take advantage of this option your bank or financial institution must be part of Automatic Clearing House (ACH). If you are interested in this option please call The Bank of New York.
What financial information is available to U.S. investors?
Dark Blue Sea provides the same financial information to all investors and conforms to all laws in the U.S. on disclosure pertinent to Level I ADRs.
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