DGAP-News: Dyesol Limited / Key word(s): Miscellaneous/Miscellaneous Dyesol Limited: Dyesol shares to trade in the United States 20.04.2011 / 10:29 --------------------------------------------------------------------- Dyesol shares to trade in the United States - Dyesol Limited is capturing a leading US market position in glass based Dye Solar Cell technology, materials and services. - Consistent with this market penetration and growing interest from US investors, a Level I ADR Facility has been established and quotation will be available from 21 April. Dyesol Ltd (ASX:DYE) is pleased to announce that its Level I American Depositary Receipt (ADR) program has been established. The ADR's will be quoted on the Over-The-Counter (OTC) market and are tradeable via licensed US brokers in the ordinary course of trading. The decision to commit to an ADR program was based on strong investor interest from the USA, particularly after recently reporting progress of the DyeTec Solar joint venture. ADR programs have also been shown to increase liquidity and share value for ASX listed companies. 'We have launched this program due to recent growing interest from US investors. Our profile and presence in the US has increased markedly in recent years due to the launch of a North American subsidiary Dyesol Inc., and a rapidly growing business and client base which includes the DyeTec Solar joint venture. This leads to greater market interest in the company resulting in increased trading in the Australian market by US investor' 'This quotation will enable potential investors in the US to more easily access Dyesol shares, and will increase exposure of Dyesol to global solar and advanced technology pricing, similar to our successful experience in trading in Germany on the Open Market,' noted Mr Richard Caldwell, Dyesol Chairman. The particulars of the ADR program are as follows: Type of ADR Program: Level 1 US Exchange: OTC CUSIP Number: 267700102 ISIN Number: US2677001024 ADR Ticker Symbol: DYSOY ADR Effective Date: 21 April, 2011 Ratio: (ADR:ORDINARY): 1:20 Registrar/Transfer/Proxy Agent: BNY Mellon Local Custodian: National Australia Bank Ltd. About American Depositary Receipts: What is an American Depositary Receipt? An ADR is a negotiable US certificate representing ownership of shares in a non-US corporation. ADRs are quoted and traded in US dollars in the US securities market. Also, the dividends are paid to investors in US dollars. ADRs can be held in book-entry form or as a physical certificate. Depositary Receipts are created when a broker purchases a non-U.S. company's shares on its home stock market and delivers the shares to the depositary's local custodian bank, and then instructs the depositary bank, such as BNY Mellon, to issue Depositary Receipts. In addition, Depositary Receipts may also be purchased in the U.S. secondary trading market. They may trade freely, just like any other security, either on an exchange or in the over-the-counter market. What is a level I ADR? Level I Depositary Receipts are traded in the US OTC market with prices published in the 'Pink Sheets' and on some exchanges outside the United States. Establishment of a Sponsored Level I program does not require full SEC registration and the company does not have to report its accounts under US GAAP or provide full SEC disclosure. Essentially, a Sponsored Level I Depositary Receipt program allows companies to enjoy the benefits of a publicly traded security without changing its current reporting process. Who is the depositary bank for Dyesol ADRs? BNY Mellon is the depositary bank and plays a key role in the process of issuance and cancellation of ADRs. BNY Mellon also maintains the ADR holder register and distributes any dividends in US dollars. In addition, BNY Mellon is a DTC (Depositary Trust Company) participant as are brokers & dealers, other banks, trust companies and clearinghouses. For additional general information, please visit BNY Mellon's website at www.adrbnymellon.com and search for Dyesol's ADR profile. Can I buy Dyesol ADRs through a broker just as you would buy US securities? Yes. How do I convert my ordinary shares into ADRs? The conversion of ordinary shares into ADRs must be done through a broker or an investment advisor. Alternatively contact BNY Mellon for further assistance with this. How can I change my account details, including address etc? It is important that you contact BNY Mellon Shareowner Services to update any change to your account records. What financial information is available to US investors? Dyesol provides the same financial information to all investors and conforms to all laws in the US on disclosure pertinent to Level I ADRs. For more information on Dyesol ADRs please contact BNY Mellon, your broker or investment advisor. For media queries in Australia contact Viv Hardy at Callidus PR on +61 (0)2 9283 4113 or on +61 (0)411 208 951. In Europe contact Eva Reuter, Investor Relations, Dyesol Europe on +49 177 6058804. In the Americas contact Kathryn Harper, Antenna PR, on +1 415 977 1936. Note to editors The Technology - DYE SOLAR CELLS DSC technology can best be described as 'artificial photosynthesis' using an electrolyte, a layer of titania (a pigment used in white paints and tooth paste) and ruthenium dye deposited on glass, metal or polymer substrates. Light striking the dye excites electrons which are absorbed by the titania to become an electric current many times stronger than that found in natural photosynthesis in plants. Compared to conventional silicon based photovoltaic technology, Dyesol's technology has lower cost and embodied energy in manufacture, it produces electricity more efficiently even in low light conditions and can be directly incorporated into buildings by replacing conventional glass panels or metal sheets rather than taking up roof or extra land area. The Company - DYESOL Limited Dyesol is a global solar technology company and in August 2005 was listed on the Australian Stock Exchange (ASX: DYE). Dyesol manufactures and supplies a range of dye solar cell products comprising equipment, chemicals, materials, components and related services to researchers and manufacturers of DSC. The Company is playing a key role in taking this third generation solar technology out of the laboratory and into the community. More details about the company and the technology can be found at: http://www.dyesol.com End of Corporate News --------------------------------------------------------------------- 20.04.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 120854 20.04.2011
DGAP-News: Dyesol Limited: Dyesol shares to trade in the United States
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