ADRs

ADRs are a negotiable US-dollar denominated certificate representing shares in a non-US company. Vibra ADRs represent Vibra ordinary shares deposited with the JP Morgan, which underlie such certificates and carry the associated shareholder rights. Holders of ADRs have the right to vote on shareholder resolutions and to receive dividends in US dollars. The term ADR and ADS are often used interchangeably. ADRs were specifically designed to facilitate the purchase, holding and sale of non-U.S. securities by US investors, and to provide a corporate finance vehicle for non-U.S. companies.

U.S. investors may 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’ 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.

Converting ordinary shares into ADRs must be done through a broker, an investment advisor or through JP Morgan. You can contact JP Morgan’s broker call center at +1 800 990 1135 or +1 651 453 2128.

This is the relation between the numbers of ADRs and the number of ordinary shares. One Vibra ADR represents two Vibra ordinary shares, i.e. the ratio is 1:2.

Vibra ADRs are traded on the Over-the-Counter market. The U.S. OTC trading in Level 1 ADRs is carried out by market makers using inter-dealer quotation services of OTC Markets (operated by OTC Markets) www.otcmarkets.com.

JP Morgan. The depositary bank plays a key role in issuance as well as cancellation of ADRs. It also, inter alia, maintains the ADR holder register, distributes the dividends in US dollars and facilitates the exercise by the ADRs holders of their voting rights (if necessary).

The information is available at https://www.adr.com/.