Movida began trading Level I ADR (American Depositary Receipt) on February 7, 2019. The ADR level I program does not imply in capital raising or in the issuance of new shares and it aims to increase the access of foreign investors to the Company, as well as to increase liquidity.
Movida ADR details:
|Depository Bank||Deutsche Bank Trust Company Americas|
|Custodian Bank||Banco Bradesco S.A.|
|Type of Security||Registered, book-entry common shares with no par value|
|Ratio||1 ADR corresponds to 4 common shares|
|Trading||Over-the-counter (OTC) market in New York, United States|
Depositary Bank contact details for brokers and institutional investors (only):
Notice: the following information does not contain all information that may be important to ADR holders. For more information, we highly recommend that you read the entire deposit agreement and the form of American Depositary Receipt, which contains the American Depositary Shares terms, available at this link.