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Whitbread ADR Program

Whitbread has established a sponsored Level I American Depositary Receipt (ADR) program. Deutsche Bank perform the role of depositary bank. 

The Level 1 ADR program trades on the U.S. over-the-counter (OTC) markets under the symbol WTBDY. It is not listed on a U.S. stock exchange. 4 Whitbread ADRs represent 1 Whitbread Ordinary Share. 

Ticker: WTBDY 
Structure: Level I ADR 
Exchange: OTC 
Ratio (ADR:ORD): 
2 ADRs : 1 Ordinary Share, changing to 4 ADRs : 1 Ordinary Share on 6 November 2017 
DR ISIN: US96342K1007 
CUSIP: 96342K100 

Contact details for ADR investors and brokers: 

Deutsche Bank ADR broker services desks 
New York: Tel +1 212 250 9100 
London: +44 (0)20 7547 6500 

Contact details for registered ADR holders: 

Deutsche Bank Shareholder Services 
American Stock Transfer & Trust Company 
Operations Center 
6201 15th Avenue 
Brooklyn, NY 11219 

Email: db@astfinancial.com 

Toll free number (if calling from within the U.S.): (866) 249 2593 
Direct Dial (if calling from outside the U.S.): +1 718 921 8124 

Deutsche Bank, as the depositary bank for Whitbread’s sponsored Level I ADR program, performs the following roles for ADR holders: 

  • Records and maintains the register of ADR holders 
  • Is the stock transfer agent 
  • Distributes dividends in U.S. dollars (when dividends have been declared by the Board of Directors) 
  • Issues new Whitbread ADRs and cancels existing Whitbread ADRs 

For those holders who are not registered because their shares are held through a ‘street name’ (bank or broker nominee account), your nominee will receive company documents from time to time from Deutsche Bank to distribute to ADR holders. You need to make arrangements with your nominee if you wish to receive such documents and to be able to exercise your vote through the depositary bank at general meetings (if applicable). 

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. Dividend payments (if declared by the Board of Directors) are also paid in U.S. dollars. ADRs were specifically designed to facilitate the purchase, holding and sale of non-U.S. securities by U.S. investors and to provide a corporate finance vehicle for non-U.S. companies. 

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 the main advantages is the facilitation of diversification into foreign securities. ADRs allow easy comparison to securities of similar companies, as well as access to price and trading information. ADR holders also appreciate U.S. dollar dividend payments (if declared) and receiving corporate action notifications. 

For dividend and corporate action information, please visit: http://www.adr.db.com  

Please search the name Whitbread and then select the ‘Corporate Actions’ tab. Alternatively, you may contact Deutsche Bank Shareholder Services at the following toll-free number (if calling from within the U.S.): (866) 249 2593 or Direct Dial: +1 (718) 921 8124 

Dividends, when declared by Whitbread’s Board of Directors, are generally payable to ADR holders in U.S. dollars seven days after dividend payments are paid on Whitbread’s ordinary shares, to accommodate the payment process established by Whitbread and Deutsche Bank. 

Whitbread ADRs are traded on the US over-the-counter (OTC) markets. They are not listed on a U.S. stock exchange. 

Ticker: WTBDY 
Structure: Level I ADR 
Exchange: OTC 
Ratio (ADR:ORD): 2 ADRs : 1 Ordinary Share, changing to 4 ADRs : 1 Ordinary Share on 6 November 2017 
DR ISIN: US96342K1007 
CUSIP: 96342K100 

A registered holder is one whose name appears on the books of the depositary bank, as registrar; the registered holder is considered the owner of record. A beneficial holder is one whose holdings are held in another name, such as a broker, bank or nominee. 

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