American Depositary Receipts
GEA Group Aktiengesellschaft has over-the-counter American Depositary Receipts: USA GEAGY, CUSIP No. 361592108. An ADR is a negotiable US certificate representing ownership of shares in a non-US corporation. ADRs are quoted and traded in US dollars on the US securities market.
Each ADR represents one common share of GEA Group Aktiengesellschaft, and carries full voting rights. The dividends are the same as for GEA Group Aktiengesellschaft’s shares and are paid to investors in US dollar. Dividends are converted into US dollar by the Deutsche Bank Trust Company Americas at the prevailing rate.
|Ratio||1 ADR: 1 ORD|
Deutsche Bank Trust Company Americas
60 Wall Street
New York, NY 10005
US Dialling (866) 706-0509
International Dialling +1 (718) 921-8137
For Hearing Impaired: +1 (718) 921-8386
By Mail for regular correspondence
Deutsche Bank Trust Company Americas
c/o American Stock Transfer & Trust Company
Peck Slip Station
P.O. Box 2050
New York, NY 10272-2050
Frequently Asked Questions on ADR
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 on the U.S. securities market. Also, the dividends are paid to investors 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 ADRs to US investors?
US investors may 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 an ADRs’ top advantages is the facilitated 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 benefit from prompt dividend payments and the receipt of corporate action notifications.
What types of companies issue ADRs?
ADR issuers are typically large multinational corporations. Any non-US company seeking to raise capital in the US or to increase its base of US investors can issue ADRs.
Is it easy to get information and updates on an ADR company?
Information is widely available on GEA’s website. Investors can sign up to receive annual reports and press releases in English. Trading information is readily available on the Pink Sheets website (www.pinksheets.com).
Where are GEA ADRs traded?
The ADR shares trade OTC (over the counter). You can refer to www.otcmarkets.com.
Who is GEA’s depositary for ADRs?
Deutsche Bank Trust Company Americas. The depositary bank plays a key role in issuance as well as cancellation of ADRs. It also maintains the ADR holder register and distributes the dividends in US dollars.
How are ADRs related to GEA ordinary shares?
Every GEA ADR represents one GEA ordinary share, i.e. the ratio is 1:1.
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 record. A beneficial holder is one whose holdings are registered in a name other than their own, such as in the name of a broker, bank or nominee.
What is GEA ADR ticker symbol, CUSIP code and ISIN code?
Cusip code: 361592108
ISIN code: US3615921083
How can I find out dividend and corporate action information on GEA?
For dividend and corporate action information, please visit: www.adr.db.com
Search by GEA and under Company Public View section, select Corporate Actions Calendar. Alternatively you may contact Deutsche Bank Trust Company Americas Shareholder Services on (866) 249-2593.
How are ADR dividends paid and taxed?
Dividends are paid in U.S. dollars and are generally taxable, just like dividends on U.S. shares. The GEA dividend is subject to a German withholding tax of 26.375% of the gross amount. Under terms of the Convention for the Avoidance of Double Taxation Agreement between the United States and Germany, eligible ADR holders may reclaim 11.375%, thereby reducing their withholding tax to 15%.
ADR holders eligible for the refund must be residents of the United States in accordance with the aforementioned Convention. Contact your broker or tax adviser for more information and any applicable U.S. tax forms.
How do I convert my ordinary shares into ADRs?
Converting ordinary shares into ADRs must be done through a broker investment advisor or through Deutsche Bank Trust Company Americas. You can contact Deutsche Bank broker services desk on +1(212) 250 9100.
GEA Group AG has decided to terminate its sponsored American Depositary Receipt program dated July 18, 2008 at Deutsche Bank Trust Company Americas as depositary with effect as of March 22, 2021. For further information, in particular on important dates as well as contacts for the stock transfer, please refer to the Depositary Receipts Announcement of Deutsche Bank dated January 6, 2021.
Following the GEA Group termination effective March 22, 2021 holders of Depositary Receipts have the following options:
- Holders have until the Termination Date September 22, 2021 to deliver their ADRs to Deutsche Bank for cancellation and take receipt of the underlying shares to hold or sell in the German market *
- Holders can wait for the Termination Date September 22, 2021 when the Depositary may attempt to sell the securities represented by the outstanding Depositary Receipts and pass on the net proceeds to holders
- Holders can contact their broker to see if there is a market in the US to sell their Depositary Receipts
* Please follow the following steps to surrender your ADRs for cancellation:
- 1. Instruct your US broker to deliver the ADRs to Deutsche Bank (DTC participant 2655) and request the according details for a Security Payment Order (SPO) from Deutsche Bank.
- 2. Arrange for payment of the wire fee/transaction costs.
- 3. Send an email with the receiving agent BIC, account number and DAKV number of their German custodian to email@example.com.
The cancellation will be processed once a Security Payment Orders (SPO) is received in DTC for the USD 0.05 / ADR + USD 15.00 wire fee/transaction.
If you have further questions, please contact Investor Relations (firstname.lastname@example.org; +49 211 9136 1081).