Volkswagen AG Repstg Pfd Cusip: 9xxxxxxxx Cutoff Date: 02/07/19
If you wish to participate contact E*TRADE @ 1-800-387-2331 ADR Termination
Opt1/ 1 Sponsored ADS = 2 unsponsored ADS Opt2/ 5 sponsored ads =1 represented Ord CUSIP: 928662303;
ADR ISIN: xxxx; Underlying ISIN: xxxx Country of Incorporation: Germany Custodian: BNP Paribas, Deutschland Default: Do nothing will receive cash
JP Morgan chase bank, N.A. Has received notice from Volkswagen Ag Terminating the deposit agreement relating to the preference SHS sponsored American depositary receipt program. Such termination shall be at the close of business (NY time) on August 13, 2018.
The facility is being terminated in accordance with, and subject to, the terms and conditions of the Deposit agreement governing the ADRS.
After termination date, the depository will not perform any function except receive and hold distributions represented by the ADRS and convert any sur rendered ADRS to the new security.
Cancellation books will remain open until 02/11/19 at which time the depository will sell the outstanding underlying securities for the pro rata benefit of the holders.
A cancelation fee will be charged of $5.00 per 100 ADSS or a portion thereof, plus a $20.00 cable fee Issuance and cancelation fees for the exchange will be waived between 08/14/18 and 2/11/19.
There Is No Withdrawal Or Guarantee Of Delivery Extended For This Offer
Response after cut off will be best effort
Unfortunately, I have been really busy these past couple weeks and didn't realize that I needed to take action. I will give e-trade a ring but I was wondering if anyone else is in the same boat.
Submitted February 20, 2019 at 08:25AM by bombastica https://ift.tt/2V6Sww0
