What To Do When an ADR is Delisted from NYSE or NASDAQīelow are answers to some common questions:ġ.Will WBK move to the OTC market and trade there?.The following post may provide some answers: Investors holding Westpac ADR may have many questions on what happens next. Registered or overnight mail is the suggested method of delivering DRs to the Depositary. To surrender your ADRs, the address of the Depositary is: The Bank of New York Mellon, 240 Greenwich Street, Depositary Receipts Division – 8th Floor, Attention: Cancellation Desk, New York, NY 10286. or local taxes or government charges and a cancellation fee of up to $0.05 per ADRs. If the Depositary has sold such shares, you must surrender your ADRs to obtain payment of the sale proceeds, net of the expenses of sale, any applicable U.S. Subsequent to Junder the terms of the Deposit Agreement, the Depositary may attempt to sell the underlying shares. Payment should be made payable to The Bank of New York Mellon. ![]() If you surrender ADRs for delivery of the underlying shares, you must pay a cable fee of $17.50, a cancellation fee of up to $0.05 per ADRs surrendered and any applicable U.S. NOTICE TO HOLDERS OF AMERICAN DEPOSITARY SHARES (“ADSs”) EVIDENCED BY AMERICAN DEPOSITARY RECEIPTS (“ADRs”) REPRESENTING DEPOSITED ORDINARY SHARES OF: WESTPAC BANKING CORPORATION ONE ADS REPRESENTS ONE ORDINARYSHARE CUSIP: 961214301 AND UNDERLYING ISIN: US9612143019Īs owners and beneficial owners of the above ADRs, you are hereby notified that The Bank of New York Mellon, as depositary (the “Depositary”), will terminate the Deposit Agreement, dated among Westpac Banking Corporation (“Westpac”), the Depositary, and Owners and Holders of ADRs, the (“Deposit Agreement”).Īs a result, the existing ADR facility will be terminated effective Monday, January 31, 2022 Under the terms of the Deposit Agreement, you have until at least Jto surrender your Westpac ADRs for delivery of the underlying shares. The following is the ADR termination notice from the depository BNY Mellon: Source: Westpac Banking Corporation notifies NYSE of intention to delist American depositary shares, Westpac In light of this, it is withdrawing the listing of Westpac sponsored ADSs. In line with the Westpac strategy, Westpac has chosen to simplify its share listings to Westpac ordinary shares. ![]() national securities exchange or for quotation of the ADSs in a quotation medium. The Company has not arranged for listing or registration on another U.S. The Company expects that the delisting will occur ten calendar days after the filing of the Form 25 so that trading will be suspended on Januprior to the market opening. The Company intends to file a Form 25 with the Securities and Exchange Commission (the “SEC”) on Januto delist the ADSs immediately thereafter. NEW YORK-Westpac Banking Corporation (NYSE: WBK) (“Westpac,” “we” or the “Company”) announced today that it notified The New York Stock Exchange (the “NYSE”) of its intent to voluntarily delist its American depositary shares, each representing the right to receive one ordinary share of the Company (the “ADSs”), from the NYSE. WESTPAC BANKING CORPORATION NOTIFIES NYSE OF INTENTION TO DELIST AMERICAN DEPOSITARY SHARES ![]() Below is the delisting announcement from the bank’s site: ![]() Hence the last day WBK traded on the NYSE was Friday, Jan 28, 2022. Westpac voluntarily delisted its ADRs from the NYSE effective January 31, 2022. The ADR of Australian Bank Westpac ADR used to trade on the NYSE under the ticker WBK.
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