ADR FAQs

Find out more about ADRs and becoming a Legal & General ADR holder and see information for existing ADR holders.

About ADRs

What is an ADR?

An ADR is a negotiable US certificate representing the ownership of shares in a non-US corporation. ADRs are quoted and traded in US dollars in the US securities market. 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.

Who can hold ADRs?

ADRs can be purchased by investors or institutions who wish to purchase shares in a foreign company. Investors can either purchase the foreign shares in the local market through a broker in that country or request their brokers to buy the ADRs in the US. The broker may either purchase existing ADRs or, if they are not available, arrange for their broker to purchase shares in the local market of which Legal & General’s depositary bank, Deutsche Bank, will issue in ADR form.

Who is the depositary bank for Legal & General ADRs?

Deutsche Bank Trust Company Americas.

The depositary bank plays a key role in the process of issuing and cancelling ADRs. It also maintains the ADR holder register, distributes the dividends in US dollars and provides notifications of corporate actions to ADR holders.

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 the main advantages of ADRs is the facilitation of diversification into foreign securities. ADR holders also benefit from dollar dividend payments denominated in US dollars.

How can I buy Legal & General ADRs?

If you are interested in buying Legal & General's ADRs, please contact your broker or other investment advisor professional. This does not represent an offer to purchase Legal & General ADRs.

Information for existing ADR owners

How can I find out how many ADRs I have?

Registered holders can contact Deutsche Bank's transfer agent (American Stock Transfer) at +1 (800) 937-5449 (toll free for US residents only) or +1 718 921 8124.

What is the share/ADR ratio?

The share/ADR ratio is one Legal & General ADR to five Legal & General ordinary shares

How can I find Legal & General ADR ordinary share prices?

ADR price quotations and other information can be obtained from the Deutsche Bank Depositary Receipts Service website.

How can I find out about dividends payable on Legal & General ADRs?

Dividend record dates for ordinary share ADRs will be consistent with those of our ordinary shares and are listed on Legal & General's Group website.

Can ADR holders attend AGMs?

ADR holders who wish to attend Legal & General Group's Annual General Meeting (AGM) should contact Legal & General or Deutsche Bank in writing of their intention to attend within the required timescales. Details of upcoming AGMs can be found in our Financial calendar.

Can I replace a lost ADR certificate?

If your certificate is lost, stolen or destroyed, please notify Deutsche Bank Shareholder Services, American Stock Transfer immediately so that a stop transfer can be placed on the certificate. Deutsche Bank will send you the necessary forms so that it can issue you with a replacement certificate.

You have the option of sending your ADR certificates to Deutsche Bank Shareholder Services, American Stock Transfer at any time for safekeeping, converting your account to book-entry registration.

Whom do I contact for more information?

Depositary bank: Deutsche Bank Trust Company Americas  

Contact details for ADR brokers & institutional investors:
Phone (US): +1 212 250 9100
Phone (UK): +44 207 547 6500   

www.adr.db.com

Deutsche Bank Trust Company Americas also acts as Registrar, transfer agent, record keeper and dividend paying agent. In addition, it co-ordinates the proxy voting process.

Contact details for registered and private ADR Holders: 

Deutsche Bank Shareholder Services
American Stock Transfer & Trust Company
Operations Center
6201 15thAvenue

Brooklyn, NY 11219

Email: DB@amstock.com

Toll-free number: +1 (800) 937 5449
Direct Dial: +1 718 921 8124

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