Why we’re doing it
Our rationale for implementing the programme is to increase the percentage of foreign shareholding in Redefine to enhance the diversification of the shareholder base. The ADR programme assists in making an investment in Redefine as accessible as possible for foreign investors.
- We have a Level 1 ADR programme in the United States – www.adrbnymellon.com.
- BNY Mellon is the sponsoring bank, and the depository receipts trade on the over-the-counter market.
- The trading code is REDPY.
- The CUSIP number is 75735C107.
- The ratio between the ADR and the ordinary share is 1:10.