ADR - American Depository Receipts
In the United States E.ON shares trade through American Depository Receipts (ADR) in the over-the-counter (OTC) market. The E.ON ADRs are quoted on OTCQX, the premium tier of the U.S. OTC market, under the code EONGY.
E.ON’s ADR program gives U.S. investors the opportunity to buy E.ON shares and at the same time hold share certificates, that are essentially like American shares. ADRs are quoted in U.S. dollars, a significant advantage for U.S. investors. Dividends are also paid in dollars. ADR holders have the same rights and obligations as ordinary shareowners. They can attend and vote at shareholder meetings, participate in profits, and receive information.
The price of one E.ON ADR matches that of one E.ON share.
J.P. Morgan acts as the depositary bank for E.ON’s ADR program and offers advice on the listing on OTCQX as E.ON’s Principal American Liaison (PAL). Detailed information on E.ON’s ADR program is available from J.P. Morgan.
You can find details on the quotes and activity of the E.ON ADR on OTC Markets.