![]() Submission to Jurisdiction Appointment of Agent for Service of Process Jury Trial Waiver.ĭEPOSIT AGREEMENT dated as of, 2011 among SEQUANS COMMUNICATIONS S.A., a société anonyme incorporated under Owners and Holders as Parties Binding Effect. Resignation and Removal of the Depositary.ĭistribution of Additional Shares, Rights, etc. Obligations of the Depositary, the Custodian and the Company. Prevention or Delay in Performance by the Depositary or the Company. Maintenance of Office and Transfer Books by the Depositary. THE DEPOSITARY, THE CUSTODIANS AND THE COMPANY Pre-Release of American Depositary Shares.ĭTC Direct Registration System and Profile Modification System.ĬERTAIN OBLIGATIONS OF OWNERS AND HOLDERS OF AMERICAN DEPOSITARY SHARESįiling Proofs, Certificates and Other Information.ĭistributions Other Than Cash, Shares or Rights. Limitations on Delivery, Transfer and Surrender of American Depositary Shares.Ĭancellation and Destruction of Surrendered Receipts. Surrender of American Depositary Shares and Withdrawal of Deposited Securities. Uncertificated American Depositary Shares. Registration of Transfer of American Depositary Shares Combination and Split-up of Receipts Interchange of Certificated and OWNERS AND HOLDERS OF AMERICAN DEPOSITARY SHARESįORM OF RECEIPTS, DEPOSIT OF SHARES, DELIVERY, TRANSFER AND SURRENDER OF AMERICAN DEPOSITARY SHARESįorm of Receipts Registration and Transferability of American Depositary Shares. So sooner you call Georgeson, the better.Form of Deposit Agreement - The Bank of New York Mellon and owners and holders. You have limited time and there is paperwork involved. You should call Georgeson (FAQ Q&A 16 a discuss this. The ADS Cancellation Cut-off Date is not clearly called out. The Company has provided for a greater than 8 month window to give sufficient time to Mumbai nor the Information Agent, will provide any assistance in the tax reclaim process. The Company, nor Citibank, N.A., nor its local equity share custodian, Citibank, N.A. The gross proceeds, ADS holders are encouraged to present their ADSs to the Depositaryįor surrender of the ADS before the ADS Cancellation Cut-off Date. Recovering / reclaiming the taxes withheld at effective rate of approximately 43.68% on Given the significant complexity involved in the above, including but not limited to #3 is overall a cumbersome process, as outlined in FAQ Q&A 14. You will need to file an income tax return in India to get a refund. Do nothing - and in that case the ADS will be converted to Ordinary shares, sold, and $s will be given after withholding taxes at 43.68%.Submit a request to cancel the ADS and receive proceeds in the US, before the ADS Cancellation Cut-off time.Submit a request to convert ADS to Ordinary shares (1 ADS = 5 Ordinary shares) - and you will hold these shares in India.How would one even surrender or sell shares to either get monetary value or claim the capital gains loss? The Sell button doesn’t exist for this stock on my brokerage. Is there anything I can/should do to recover any of the investment? Is the money basically lost? The only timeline for owner action I see in the pdf is for part 8, which refers to a six month timeline that would be ticking, but it doesn’t give any clear info there as to how to take action (ie website, phone number, etc).Īnother site says “The ADS holders can surrender their ADSs to the Depositary in exchange for the underlying ordinary shares of the company at any time on or prior to July 24, 2023, it added.” Does surrender equate to selling? What good would shares do me though if I can’t buy or sell them in the US? The most actionable info I could find was at: I noticed they recently delisted their ADS shares, and my stock brokerage now shows a loss equating to 100% of the cost basis. I had ADR shares in a foreign company (Tata motors). Here, please treat others with respect, stay on-topic, and avoid self-promotion.Īlways do your own research before acting on any information or advice that you read on Reddit. Get your financial house in order, learn how to better manage your money, and invest for your future. ![]()
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