標題: DDAIY
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發表於 2016-11-9 23:02  資料 短消息 
DDAIY
請教Mike及各位同學, 目前持有DDAIY, 嘉信有通知訊息如下, 請教該如何處理? 謝謝!
Exchange Offer Terms DAIMLER AG FEXCHANGE OFFER EXP: 07/06/17

Since you hold XX ADS(s) of DAIMLER AG F in your account, you may choose how your holdings will be treated for this Exchange Offer. We must receive your response by July 3, 2017, 7:00 p.m. ET.
You hold XX ADS(s) in this account.
What Has Occurred
The Deposit Agreement governing the sponsored Daimler AG American Depositary Receipts (ADR) program will terminate on January 5, 2017, at which time the ADRs may no longer trade.

Deutsche Bank Trust Company Americas (the Depositary) has filed an F-6 Registration Statement with the U.S. Securities and Exchange Commission (SEC) indicating they intend to establish a new, unsponsored ADR Program for the same underlying shares of Daimler AG.  Each unsponsored ADR will continue to represent one (1) Daimler AG ordinary share.


Under the terms of the agreement, holders may choose to:


Exchange their sponsored ADRs for the newly issued unsponsored ADRs beginning on the anticipated effective date of January 6, 2017 (subject to change) until July 6, 2017.  During the conversion period of 1/6/17 to 7/3/17, the Depositary Bank is waiving normal fees associated with issuance and conversion, however, a reorganization fee may apply.  If you wish to exchange your sponsored ADRs for unsponsored ADRs, we
must receive your instructions no later than July 3, 2017.        -or-


Convert their existing sponsored ADRs to the underlying Daimler AG ordinary shares.  Each sponsored ADR represents one (1) Daimler AG ordinary share.
If you wish to convert your sponsored ADRs to the underlying ordinary shares we must receive your instructions no later than July 3, 2017. The Depositary Bank may charge fees related to the ADR termination and the conversion to the underlying shares ($0.05 cps per ADR surrendered) as well as applicable governmental charges and taxes, if any (including a $15.00 cable fee).


Holders should note that after July 6, 2017, the Depositary for the ADRs will have the right to convert the ADRs into the underlying shares and sell such shares without further notice to holders.  Any proceeds from such a sale will be allocated to holders upon receipt of the sale proceeds, if any, less fees and taxes.


If you have any questions, or wish to discuss your options in further detail, please contact Schwab Global Services at 1-800-992-4685 prior to July 6, 2017.  

Please note that the conversion deadline is subject to change without notice.
Your Choices:
Exchange for Unsponsored ADRs:  Exchange your sponsored ADRs for the newly issued unsponsored ADRs. During the conversion period of January 6, 2017 to July 3, 2017 the Depositary Bank is waiving the Issuance and cancellation fees to convert from the sponsored ADRs to unsponsored ADRs. Reorganization fee will still apply.

Convert to Ordinary Shares:  
Convert your sponsored ADRs for Daimler AG ordinary shares, subject to applicable fees and taxes (as stated above).

Decline/Take No Action:  If you do not wish to participate in the offer, no further action is required.  However, after July 6, 2017, the Depositary will attempt to sell any sponsored ADRs that remain outstanding and distribute the cash proceeds to such holders net of any applicable fees.
Special Notes:

The unsponsored ADRs will be immediately tradable once they become effective, however, the U.S. liquidity may take some time to develop.


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mikeon88
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發表於 2016-11-9 23:33  資料 主頁 文集 短消息 
http://englishwizard.mysinablog.com/index.php?op=ViewArticle&articleId=3275726


ADR分三級和unsponsored ADRS
一級ADRLevel I)(不能融資,限於場外/櫃台(OTC)交易)
一級ADR只能在櫃台交易市場(OTC)交易,是最簡便的在美上市交易方式。美國證券交易委員會(the US Securities and Exchange CommissionSEC)對一級ADR的監管要求也是很少的,不要求發布年報,也不要求遵從美國會計准則(GAAP)。一級ADR,是以數量計佔比最高的一類ADR
二級ADRLevel II, listed)(可在證券交易所交易)
二級ADR要比第一級複雜得多,它要求向美國證監會註冊並接受美國證監會的監管。此外,二級ADR必須要定時提供年報(Form 20-F),並服從美國會計准則。二級ADR的好處是可以在證券交易所交易,而不僅限於櫃台市場。
三級ADRLevel III, offering)(可在證券交易所交易,可融資)
三級ADR是最高一級的ADR,美國證監會對其的監管也最爲嚴格,與對美國本土企業的監管要求基本一致。三級ADR的最大好處是可以實現融資功能,而不僅限於在證券交易所交易。爲了融資,公司必須提供招股說明書(Form F-1)。此外,這類公司還須滿足公開信息披露要求,以Form 8K表格的形式向美國證監會提交。
非參與型的存託憑證(Unsponsored ADRs
此外,還有一類名叫非參與型的存託憑證(Unsponsored ADRs),它只能通過櫃台交易市場(OTC)交易,且無監管要求,是更低級的一種ADR,但它不屬於主流的ADR種類。例如,Bank A持有Company B的股票,Bank A發行Company B股票的ADRs,而Company B完全沒有參與。有關的英文可以這樣說:
1.      Bank A issued ADRs in respect of Company B’s ordinary shares.
2.      Company B’s ADR programme (which is in fact launched by Bank A) is unsponsored (by Company B).
3.      Company B has no contractual relationship with the issuer of the ADRs (called issuing banks).
4.      Company B has no control over or involvement with the terms of the ADR issue.
5.      Until recently, unsponsored ADRs traded on the NASDAQ SmallCap Issuers market. However, as a consequence of NASDAQ becoming a “national securities exchange”, the SEC required all securities trading on this exchange to be registered under section 12(b) of the Securities Exchange Act, subject to a grace period which expired on 1 August 2009.   ADRs in respect of shares of non-US companies which decided not to seek such a registration were delisted from NASDAQ and moved to the OTC Pink Sheets on 1 August 2009 automatically.
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mikeon88
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發表於 2016-11-10 10:56  資料 主頁 文集 短消息 
奇怪!我怎麼沒收到這封文件?
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hankkuo888
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發表於 2016-11-10 12:16  資料 短消息 
我用嘉信也有收到這封信,選項2是指換成該公司正式股票? 這樣是不是比較好?
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Becky0920
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發表於 2016-11-10 15:01  資料 短消息 
我用IB, 也沒收到通知. 請問收到後該怎麼作? 回函勾選2 或 3 嗎?
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mikeon88
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發表於 2016-11-10 19:06  資料 主頁 文集 短消息 
請問這封信是email或郵寄的紙信?
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head4ca
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發表於 2016-11-10 19:21  資料 短消息 
是嘉信先email 通知, 然後全文訊息是要到嘉信帳戶的通知裡面看.
嘉信登入後, 中間上方有個郵件的icon, 從那堨i以看到.
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mikeon88
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發表於 2016-11-10 19:34  資料 主頁 文集 短消息 
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mikeon88
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發表於 2016-11-10 19:44  資料 主頁 文集 短消息 
DDAIY 的 sponsored ADR要下市了,
1. 可轉成 unsponsored ADR,在美股交易
2. 轉成原股,在德國交易所買賣
3. 拒絕,強迫賣掉換成現金

我的理解是這樣,不曉得對不對?
請同學在大家討論妥當之後才填寫。

應該是轉換成unsponsored ADR,才能繼續在美股買賣。
否則轉成原股的話須拿去德國交易所賣。

unsponsored ADR 一樣是合法股票,
只是保管銀行買來發的,公司未參與。
sponsored 公司有參與,須向交易所繳交財報。
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joe
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發表於 2016-11-11 10:02  資料 文集 短消息 
1.選擇(1) 轉成 unsponsored ADR,在美股交易,轉換手續費 $39
       或(3)拒絕嘉信會幫你賣出免手續費



2.按"繼續"




3.輸入要轉換股數,或選擇拒絕嘉信會幫你賣出免手續費


4.確定正確按 "Submit"
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mikeon88
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發表於 2016-11-11 18:45  資料 主頁 文集 短消息 
搞定了,謝謝宥聰桑指導
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Andy6688
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發表於 2016-11-12 08:21  資料 短消息 
請問大家etrade上有收到嗎?
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dagunding0407
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發表於 2016-11-13 00:13  資料 短消息 
dear joe : 請問為什麼不能轉換呢?是因為股數太少所致嗎?
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joe
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發表於 2016-11-13 16:29  資料 文集 短消息 
第 2 空格只能選其中一種轉換
不能兩個都填
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head4ca
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發表於 2016-11-15 23:09  資料 短消息 
謝謝宥聰桑及麥可桑指導
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