JSL S.A. began trading Level I ADR (American Depositary Receipt) on April 3, 2013. The ADR level I program does not imply in capital raising or in the issuance of new shares and it aims to increase the access of foreign investors to the Company, as well as to increase liquidity.
Characteristics of the ADR program:
ADRs are a negotiable US dollar denominated certificate representing ownership of shares in a non-US company. ADRs are traded in US Dollars and the dividends are paid in the same currency. ADRs were specifically designed to facilitate the purchase, holding and sale of non-U.S. securities by US investors.
US investors may prefer to purchase ADRs rather than ordinary shares in the issuer‘s home market because ADRs´ trading, issuance and cancellation settlements are made according to US market conventions. One of the 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 appreciate prompt dividend payments and receiving corporate actions notification.
The depositary bank in the US will be Deutsche Bank Trust Company Americas, and will be responsible for the issuance of the depositary receipts.
1 ADR corresponds to 2 common shares.
JSL‘s ADRs are being traded in the OTC (over the counter) market.
Ticker (BR): JSLG3
Ticker (EUA): JSLGY
CUSIP: 46639D103
ISIN (BR): BRJSLGACNOR2
ISIN (EUA): US46639D1037
ADR Contact Information
Deutsche Bank Trust Company Americas
C/o American Stock Transfer & Trust Company
Peck Slip Station
P.O. Box 2050
New York, NY 10272-2050
Email: db@amstock.com
Shareholder Service (Toll-free) Tel.: +1 (866) 249-2593
Shareholder Service (International) Tel.: +1 (718) 921-8137
