American Depositary Receipts - ADR program for US investors
Solvay ADRs are traded on the OTC under ticker SOLVY.
An ADR is a receipt representing the right to receive shares of a non-U.S. company. ADRs trade like any other U.S. security, are quoted and pay dividends in U.S. dollars, and provide transparency for U.S. investors by providing Company materials in English.
|Solvay ADR Details|
|Ratio||1 Ordinary share = 10 ADRs|
- Trading in ADRs
Solvay ADRs are traded on the OTC. You can purchase or sell Solvay ADRs through your broker.
Solvay pays dividends on a semi-annual basis. Exchange-rate fluctuations will affect the U.S. dollar amounts received by holders of ADRs since dividends are declared in euros.
Any cash dividends paid to ADR holders on behalf of Solvay will be paid in U.S. dollars and are generally taxable, just like dividends on U.S. shares. Further, cash dividends paid by Solvay are subject to 30% withholding tax under Belgian law as of January 1, 2017. The withholding tax under Belgian law was 27% in 2016.
Under the income tax conventions between the United States & Belgium and Canada & Belgium, United States and Canadian residents are eligible for reduced Belgian withholding tax (for most people, at a rate of 15% rather than the standard 30%).
ADR holders eligible for the refund must be residents of the United States or Canada in accordance with the aforementioned Convention. Contact your broker or tax advisor for more information and any applicable U.S. tax forms.
For more information regarding Belgian tax withholding and the tax reclamation process, please contact The Bank of New York Mellon / GlobeTax at 1-800-915-3536 and/or your tax advisor.
Tel: +1 212 723 4483
Tel: +44 20 7500 2030