Investors
ADR holders

American Depositary Receipts (ADRs)

Impala Platinum’s shares trade on OTCQX, the premier tier of the Over-the-Counter (OTC) market in the USA as ADRs. The ratio between Impala Platinum ordinary South African (ZAR denominated) shares and the ADR is 1:1, i.e. one Impala Platinum ordinary share represents one ADR. Deutsche Bank Trust Company Americas acts as depositary bank for Impala Platinum's ADR program.

Impala Platinum Ltd.
Ticker: IMPUY
ISIN: US4525533083
CUSIP: 452553308
Structure: Sponsored Level I ADR
Exchange: OTCQX
Ratio (Ord : ADR): 1:1

ADR contact information
Deutsche Bank Trust Company Americas
c/o American Stock Transfer & Trust Company
Operations Centre
6201 15th Avenue
Brooklyn
NY 11219
USAEmail: DB@astfinancial.com

Shareholder Service (toll-free) Tel. (866) 2492593
Shareholder Service (international) Tel. (718) 921-8124
http://www.astfinancial.com

Contact details for ADR brokers & institutional investors:
US Tel: +1 212 250 9100
UK Tel: +44 207 547 6500
Hong Kong Tel: +852 2203 7854

The Company ADR program is sponsored by Deutsche Bank Trust Company Americas (Deutsche Bank). As the depositary bank, Deutsche Bank performs the following roles for ADR holders as further detailed in the Deposit Agreement:

  • Records and maintains the register of ADR holders,
  • Is the stock transfer agent,
  • Distributes dividends in U.S. dollars,
  • Facilitates the voting process and the exercise of the voting rights of ADR holders at any Company General Meeting if permitted by the Company and the Depositary Agreement,
  • Issues and cancels Impala Platinum American Depositary Receipts (ADRs),
  • Can distribute Company circulars and General Meetings (including Annual General Meeting) documentation, if applicable.

For those holders who are not registered because their ADRs are held through a ‘Street name’ (nominee account), your nominee will receive Company documents from time to time from Deutsche Bank to distribute to ADR holders. You need to make arrangements with your nominee if you wish to receive such documents and to be able to exercise your vote through the depositary bank at General Meetings (if applicable).

Impala Platinum ADR Program – Frequently Asked Questions

What is an American Depositary Receipt (ADR)?

An ADR is a US dollar denominated negotiable certificate that represents ownership of shares in a non-US company.

Each ADR is issued by a U.S. depositary bank (which is a bank in the US which oversees all the stock transfer and agency services in connection with a depository receipt program) and represents one or more shares of a foreign stock or a fraction of a share. If investors own an ADR they have the right to obtain the foreign stock it represents, but U.S. investors usually find it more convenient to own the ADR. The price of an ADR is often close to the price of the foreign stock in its home market, adjusted for the ratio of the foreign company’s shares to ADRs. ADRs were specifically designed to facilitate the purchase, holding and sale of non-U.S. securities by US investors.

Impala Platinum’s ADRs represent Impala Platinum’s ordinary shares deposited with the depositary bank (Deutsche Bank Trust Company Americas), to underlie such certificates and carry the rights attached to them as detailed in the Deposit Agreement. Holders of ADRs receive dividends in US dollars and have the right to vote on shareholder resolutions, where applicable.

The terms ADR and ADS are often used interchangeably. Individual shares of a foreign corporation represented by an ADR are called American Depository Shares (ADS). This is the instrument that is actually traded. Although the terms ADR and ADS are used interchangeably, the difference is that an ADR is the certificate while the ADSs are the shares.

What is Impala Platinum’s ADR ticker symbol, CUSIP code and ISIN code?

Impala Platinum Holdings Ltd
Ticker: IMPUY
Cusip code: 452553308
ISIN code: US4525533083

Who is Impala Platinum’s depositary bank, transfer agent, registrar and exchange agent for ADR shares?

Impala Platinum’s ADR program is administered by Deutsche Bank Trust Company Americas (Deutsche Bank). As the depositary bank, Deutsche Bank performs the following roles for ADR holders as further detailed in the Deposit Agreement:

  • Records and maintains the register of ADR holders,
  • Is the stock transfer agent,
  • Distributes dividends in U.S. dollars (when declared by the Board of Directors),
  • Facilitates the voting process and the exercise of the voting rights of ADR holders at any Company General Meeting if permitted by the Company and the Depositary Agreement,
  • Issues and cancels Impala Platinum ADRs,
  • Can distribute Company circulars and General Meetings (including Annual General Meeting) documentation, if applicable.

For those holders who are not registered because their ADRs are held through a ‘Street name’ (nominee account), your nominee will receive Company documents from time to time from Deutsche Bank to distribute to ADR holders. You need to make arrangements with your nominee if you wish to receive such documents and to be able to exercise your vote through the depositary bank at General Meetings (if applicable).

What is an ADR ratio?

This is the relation between the number of ADRs and the number of ordinary shares. One Impala Platinum ordinary shares represent one Impala Platinum ADR, i.e. the ratio is 1:1.

What is the difference between an ADR and an ADS?

An ADR (American Depositary Receipt) is a negotiable certificate issued by a depositary bank representing a specific number of shares of a non-U.S. company traded on a U.S. stock exchange. An ADS (American Depositary Share) is the share issued under the ADR agreement which is actually traded.

What are the benefits of ADRs to US investors?

U.S. investors may prefer to purchase ADRs rather than ordinary shares in the issuer’s home market because ADRs trade, clear and settle in US Dollars and according to U.S. market conventions. ADRs allow easy comparison to securities of similar companies as well as access to price and trading information. Holders of ADRs also receive dividends in US dollars.

What types of companies issue ADRs?

ADR issuers are typically large multinational corporations. Any non-U.S. company seeking to raise capital in the U.S. or increase their base of U.S. investors can issue ADRs. 

Where do I get information and updates on Impala Platinum?

Financial and stock Information is widely available on Impala Platinum’s website investors. Trading information is readily available on our depository bank’s website https://www.adr.db.com/drweb/dr_details.html?identifier=2356.

How can I get a copy of Impala Platinum’s Annual Report?

To obtain the Impala Platinum Annual Report, or other shareholder or company information please refer to the Investor Relations section of Impala Platinum’s website corporate reporting.

Where are Impala Platinum ADRs traded?

Impala Platinum’s ADRs are traded on OTCQX, the premier tier of the US Over-the-Counter (OTC) market  under the ticker symbol IMPUY. The CUSIP Number is 452553308. To learn more about Impala Platinum’s ADRs, please visit: adr holders or https://www.adr.db.com/drweb/dr_details.html?identifier=2356.

How do I buy/sell Impala Platinum ADRs?

You may buy/sell your ADRs through most US stockbrokers.

Does Impala Platinum have a Direct Purchase Plan?

Yes. The DB Global Direct Investor Services Program offers investors a variety of convenient, low cost services to make it easier to invest in American Depositary Shares. DB Global Direct is administered by Deutsche Bank Trust Company Americas and allows new and existing holders to make ADR purchases, sell ADRs and reinvest dividends. You may view plan details by selecting Impala Platinum from the list of DB Global Direct companies shown at https://www.adr.db.com/drweb/public/en/content/pg_02_14_db_direct_about.html or by visiting http://www.amstock.com/investpower/DBADRPlanSummary.asp?CUSIP=452553308.

How do I convert my ordinary shares into ADRs?

Individual Shareholders:
Converting ordinary shares into ADRs or ADRs into ordinary shares must be done through your broker or investment advisor.

Institutional brokers and custodians:
Brokers wishing to convert Johannesburg Stock Exchange Listed ordinary shares in Impala Platinum Holdings Limited (Implats) into American Depositary Receipts (ADRs) or vice versa should contact the Deutsche Bank broker desk:

New York:       +1 212 250 9100
London:           +44 207 547 6500
Hong Kong:     +852 2203 7854 adr@db.com

What is a sponsored Level 1 ADR program?

In a Level 1 ADR program, the ADRs are not listed on a US stock exchange, but are traded on the US Over-the-Counter (OTC) market. Impala Platinum ADRs trade on the premier tier of the OTC market, called OTCQX

What is the U.S. Over-the-Counter (OTC) market?

The U.S. OTC trading in Level 1 ADRs is carried out by market makers using inter-dealer quotation services of the OTC Markets Group electronic market platform (Operated by OTC Market Group) http://www.otcqx.com. The OTC Markets Group operates a centralized electronic quotation system that collects and publishes market maker quotes for OTC securities in real-time. The OTC Markets Group is neither a Registered Stock Exchange nor a Broker-Dealer

What is the difference between a Registered ADR holder and a Beneficial ADR holder?

A registered holder is one whose name appears on the books of the depositary. The registered holder is considered the owner of record. A beneficial holder is one whose holdings are registered in a name other than their own, such as in the name of a broker, bank or nominee.

How may I check how many ADRs I hold?

If you hold your ADRs through a broker, investment advisor or custodian in a “streetname”, please contact your broker, investment advisor or custodian.

If you do not hold your ADRs via a broker, bank or nominee and/or you hold a share certificate of Impala Platinum ADRs, please contact our transfer agent:

Deutsche Bank Shareholder Services
c/o American Stock Transfer & Trust Company
Operations Centre
6201 15th Avenue
Brooklyn
NY 11219
USA
Email: DB@astfinancial.com

US Toll-free number: +1 866 249 2593
International: +1 718 921 8124

What if I lose my ADR certificate, dividend check or tax voucher?

If you do not hold via a broker, bank or nominee, please contact our transfer agent:

Deutsche Bank Shareholder Services
c/o American Stock Transfer & Trust Company
Operations Centre
6201 15th Avenue
Brooklyn
NY 11219
USA
Email: DB@astfinancial.com

US Toll-free number: +1 866 249 2593
International: +1 718 921 8124

What if I have more than one ADR certificate? Can they be combined?

Yes. Certificates can be combined by contacting our transfer agent:

Deutsche Bank Shareholder Services
c/o American Stock Transfer & Trust Company
Operations Centre
6201 15th Avenue
Brooklyn
NY 11219
USA
Email: DB@astfinancial.com

US Toll-free number: +1 866 249 2593
International: +1 718 921 8124