ADR Program

Cadence closed its ADR programme which became effective on 14th January 2019 at 5:00pm (Eastern Time) (the “Termination Date”). Cadence decided to take this action due to trading volumes of the ADRs being insufficient to justify the maintenance costs of the additional listing.

Under the terms of the Deposit Agreement, holders of American Depositary Shares (“ADSs”) have until the Termination Date to surrender their ADSs for cancellation and to take delivery of the underlying shares. Holders are reminded that any time after the Termination Date, Deutsche Bank (“the Depositary”) may sell the securities represented by then outstanding ADSs and may thereafter hold uninvested the net proceeds of any such sale, without liability for interest. If ADS holders surrender their ADSs for delivery of the underlying shares, they must pay a cable fee of $15.00 and a cancellation fee of $0.05 per ADS surrendered and any applicable U.S. or local taxes or governmental charges. For more details and for official instructions on how to surrender ADSs please contact

The Company would like to note that holders of Cadence’s ordinary shares will remain unaffected by the termination of the ADRs.

Contact details for institutional ADR investors and brokers:
Deutsche Bank ADR broker services desks
New York: +1 212 250 9100
London: +44 207 547 6500

Contact details for registered ADR holders:
Deutsche Bank Shareholder Services
American Stock Transfer & Trust Company
Operations Center
6201 15th Avenue
Brooklyn, NY 11219

Toll free number: (866) 249 2593 (if calling from within the U.S.)
Direct Dial: +1 718 921 8124 (if calling from outside the U.S.)

Frequently Asked Questions

An ADR is a negotiable U.S. certificate representing ownership of shares in a non-U.S. corporation. ADRs are quoted and traded in U.S. dollars in the U.S. securities market. Dividend payments (if declared by the Board of Directors) are also paid in U.S. dollars. ADRs were specifically designed to facilitate the purchase, holding and sale of non-U.S. securities by U.S. investors and to provide a corporate finance vehicle for non-U.S. companies.

U.S. investors generally prefer to purchase ADRs rather than ordinary shares in the issuer’s home market because ADRs trade, clear and settle according to U.S. market conventions. One of the main advantages is the facilitation of diversification into foreign securities. ADRs allow easy comparison to securities of similar companies, as well as access to price and trading information. ADR holders also appreciate U.S. dollar dividend payments (if declared) and receiving corporate action notifications.

For corporate action information, please visit:

Please search the name ‘Cadence Minerals’ and then select the ‘Corporate Actions’ tab. Alternatively, you may contact Deutsche Bank Trust Company Americas Shareholder Services at the following toll-free number: +1 (866) 249 2593 or, for callers outside the U.S. dial +1 (718) 921 8124

Cadence Minerals ADRs are traded on the U.S. over-the-counter (OTC) markets:

Ticker: KDNCY
Structure: Level I ADR
Exchange: OTC
Ratio: 1 ADR : 500 Ordinary Shares
DR ISIN: US12738Y1091
CUSIP: 12738Y109

A registered holder is one whose name appears on the books of the depositary bank, as registrar; the registered holder is considered the owner of record. A beneficial holder is one whose holdings are held in another name, such as a broker, bank or nominee.

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