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TGEG's shares are available either through the purchase of its ordinary shares on the Frankfurt Stock Exchange (FSE) or through its recently listed ADRs (American Depositary Receipts) in the U.S. Some of the features of ADRs are:
By clicking the OTCQX logo you can view the quote and company info of True Green Energy Group with ticker code _________ (ADRs). They are traded like any other US security.
ADRs are commonly used to allow U.S. investors to buy securities issued by non-U.S. companies. An ADR is created when a broker purchases the company's shares on the company's home stock market and delivers those to the depositary's local custodian bank, which then instructs the depositary bank in the United States (Bank of New York) to issue Depositary Receipts. Depositary Receipts may trade freely, just like any other security, on the US Over-the-Counter (OTC) and other U.S. market exchanges. Each TGEG ADR (Ticker:________) represents 10 shares of TGEG stock (Ticker: TGG) listed on the FSE.
TGEG has listed its ADRs on the OTCQX, which is a new market tier organized by Pink Sheets, LLC that sets apart a select group of issuers as worthy of consideration by U.S. investors. Qualified issuers use the efficient and robust OTCQX listing process to provide credibility and visibility of disclosure to investors. OTCQX is designed to meet the needs of small to medium sized, publicly-traded U.S. companies and non-U.S. companies listed on qualified international stock exchanges such as the ASX.
The Bank of New York serves as TGEG's Depositary Bank that is responsible
for the issuance and cancellation of ADRs. They manage the ADR holders and provide a myriad of services and tools to support the issuers, investors and brokers.
If you are an ADR holder and need direct attention by the Bank of New York, please contact Violet Pagan from the ADR Division by phone on +1212 815 2276 or fax on +1212 571 3050 or through email at vpagan@bankofny.com.