APPOINTMENT OF DEPOSITARY; FORM OF RECEIPTS; DEPOSIT OF SHARES; EXECUTION AND DELIVERY Clause Samples
This clause establishes the appointment of a depositary responsible for holding shares and issuing corresponding receipts to shareholders. It outlines the procedures for depositing shares with the depositary, the format and issuance of receipts representing ownership, and the process for executing and delivering these receipts to investors. By defining these mechanisms, the clause ensures a clear and standardized method for managing share deposits and the issuance of receipts, thereby facilitating efficient record-keeping and transfer of ownership interests.
APPOINTMENT OF DEPOSITARY; FORM OF RECEIPTS; DEPOSIT OF SHARES; EXECUTION AND DELIVERY. TRANSFER AND SURRENDER OF RECEIPTS................................................................................ 5
APPOINTMENT OF DEPOSITARY; FORM OF RECEIPTS; DEPOSIT OF SHARES; EXECUTION AND DELIVERY. TRANSFER AND SURRENDER OF RECEIPTS 7 Section 2.1 Appointment of Depositary 7 Section 2.2 Form and Transferability of ADSs 7 Section 2.3 Deposit of Shares 9 Section 2.4 Registration and Safekeeping of Deposited Securities 11 Section 2.5 Issuance of ADSs 11 Section 2.6 Transfer, Combination and Split-up of ADRs 12 Section 2.7 Surrender of ADSs and Withdrawal of Deposited Securities 12 Section 2.8 Limitations on Execution and Delivery, Transfer, etc. of ADSs; Suspension of Delivery, Transfer, etc 14 Section 2.9 Lost ADRs, etc 14 Section 2.10 Cancellation and Destruction of Surrendered ADRs; Maintenance of Records 15 Section 2.11 Escheatment 15 Section 2.12 Partial Entitlement ADSs 15 Section 2.13 Certificated/Uncertificated ADSs 16 Section 2.14 Restricted ADSs 17 ARTICLE III CERTAIN OBLIGATIONS OF HOLDERS AND BENEFICIAL OWNERS OF ADSs 19 Section 3.1 Proofs, Certificates and Other Information 19 Section 3.2 Liability for Taxes and Other Charges 19 Section 3.3 Representations and Warranties on Deposit of Shares 20 Section 3.4 Compliance with Information Requests 20 Section 3.5 Ownership Restrictions 20 Section 3.6 Reporting Obligations and Regulatory Approvals 21 ARTICLE IV THE DEPOSITED SECURITIES 22 Section 4.1 Cash Distributions 22 Section 4.2 Distribution in Shares 23 Section 4.3 Elective Distributions in Cash or Shares 23 Section 4.4 Distribution of Rights to Purchase Additional ADSs 24 Section 4.5 Distributions Other Than Cash, Shares or Rights to Purchase Shares 26 Section 4.6 Distributions with Respect to Deposited Securities in Bearer Form 27 Section 4.7 Redemption 27 Section 4.8 Conversion of Foreign Currency 28 Section 4.9 Fixing of ADS Record Date 29 Section 4.10 Voting of Deposited Securities 29 Section 4.11 Changes Affecting Deposited Securities 31
APPOINTMENT OF DEPOSITARY; FORM OF RECEIPTS; DEPOSIT OF SHARES; EXECUTION AND DELIVERY. TRANSFER AND SURRENDER OF RECEIPTS.....................6
APPOINTMENT OF DEPOSITARY; FORM OF RECEIPTS; DEPOSIT OF SHARES; EXECUTION AND DELIVERY. TRANSFER AND SURRENDER OF RECEIPTS 7 Section 2.1 Appointment of Depositary. 7 Section 2.2 Form and Transferability of ADSs. 7
APPOINTMENT OF DEPOSITARY; FORM OF RECEIPTS; DEPOSIT OF SHARES; EXECUTION AND DELIVERY. TRANSFER AND SURRENDER OF RECEIPTS 6 Section 2.1 Appointment of Depositary 6 Section 2.2 Form and Transferability of ADSs 7 Section 2.3 Deposit of Shares 8 Section 2.4 Registration and Safekeeping of Deposited Securities 10 Section 2.5 Issuance of ADSs 10 Section 2.6 Transfer, Combination and Split-up of ADRs 11 Section 2.7 Surrender of ADSs and Withdrawal of Deposited Securities 12 Section 2.8 Limitations on Execution and Delivery, Transfer, etc. 13 Section 2.9 Lost ADRs, etc 14 Section 2.10 Cancellation and Destruction of Surrendered ADRs; Maintenance of Records 14 Section 2.11 Escheatment 14 Section 2.12 Partial Entitlement ADSs 14 Section 2.13 Certificated/Uncertificated ADSs 15 Section 2.14 Restricted ADSs 16
APPOINTMENT OF DEPOSITARY; FORM OF RECEIPTS; DEPOSIT OF SHARES; EXECUTION AND DELIVERY. TRANSFER AND SURRENDER OF RECEIPTS 4 SECTION 2.1 Appointment of Depositary. 4 SECTION 2.2 Form and Transferability of Receipts. 5 SECTION 2.3 Deposits 6
APPOINTMENT OF DEPOSITARY; FORM OF RECEIPTS; DEPOSIT OF SHARES; EXECUTION AND DELIVERY. TRANSFER AND SURRENDER OF ADSs
APPOINTMENT OF DEPOSITARY; FORM OF RECEIPTS; DEPOSIT OF SHARES; EXECUTION AND DELIVERY. TRANSFER AND SURRENDER OF RECEIPTS Section 2.1 Appointment of Depositary..............................................8 Section 2.2 Form and Transferability of Receipts...................................8 Section 2.3 Deposit with Custodian................................................12
APPOINTMENT OF DEPOSITARY; FORM OF RECEIPTS; DEPOSIT OF SHARES; EXECUTION AND DELIVERY. TRANSFER AND SURRENDER OF RECEIPTS......................................................................... 5 SECTION 2.1. Appointment of Depositary......................................................................... 5 SECTION 2.2. Form and Transferability of Receipts.............................................................. 5 SECTION 2.3. Deposit with Custodian............................................................................ 7 SECTION 2.4. Registration of Shares............................................................................ 8 SECTION 2.5. Execution and Delivery of Receipts................................................................ 8 SECTION 2.6. Transfer of Receipts; Combination and Split-up of Receipts........................................ 8 SECTION 2.7. Surrender of ADSs and Withdrawal of Deposited Securities.......................................... 9 SECTION 2.8. Limitations on Execution and Delivery, Transfer, etc. of Receipts; Suspension of Delivery, Transfer, etc..................................................................................... 11 SECTION 2.9. Lost Receipts, etc................................................................................ 11 SECTION 2.10. Cancellation and Destruction of Surrendered Receipts; Maintenance of Records...................... 12 SECTION 2.11. Partial Entitlement ADSs.......................................................................... 12 ARTICLE III CERTAIN OBLIGATIONS OF HOLDERS AND BENEFICIAL OWNERS OF RECEIPTS.................................. 12 SECTION 3.1. Proofs, Certificates and Other Information........................................................ 12 SECTION 3.2. Liability for Taxes and Other Charges............................................................. 13 SECTION 3.3. Representations and Warranties on Deposit of Shares............................................... 13 SECTION 3.4. Compliance with Information Requests.............................................................. 14 SECTION 3.5.
APPOINTMENT OF DEPOSITARY; FORM OF RECEIPTS; DEPOSIT OF SHARES; EXECUTION AND DELIVERY