ADR - American Depository Receipts
E.ON shares trade in the United States in the over the counter market (OTC market) via ADR. The OTC code is EONGY.
E.ON’s ADR program gives US-Investors the opportunity to buy E.ON shares and hold share certificates that are essentially like American shares. ADR are quoted in dollars, a significant advantage for US investors. Dividends are also paid in dollars. ADR holders have the same rights and obligations as ordinary shareowners. They can attend and vote at Shareholders Meetings, participate in profits, and receive information.
The exchange ratio between E.ON ADR and E.ON shares is 3:1. The price of 3 ADR’s thus matches that of one share.
Detailed information on E.ON's ADR program are available from JPMorgan at http://www.adr.com/.
