ADR holders

Sanlam's ADR​​ program is sponsored by
J.P. Morgan Chase Bank, N.A.

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. Dividends are also paid in US dollars. ADRs were specifically designed to facilitate the purchase, holding and sale of non-US securities by US investors and to provide a corporate finance vehicle for non-US companies.

US investors generally prefer to purchase ADRs rather than ordinary shares in the issuer’s home market because ADRs trade, clear and settle according to US market conventions. One of the main advantages is the facilitation of diversification into foreign securities. ADRs allow easy comparison to securities of similar companies, as well as access to price and trading information. ADR holders also appreciate dollar dividend payments and receiving corporate action notifications.

ADR issuers are typically large multinational corporations. Any non-U.S. company seeking to raise capital in the U.S. or increase their base of U.S. investor can issue ADRs.

A registered holder is one whose name appears on the books of the Depositary, as registrar; the registered holder is considered the owner of record. A beneficial holder is one whose holdings are held in another name, such as a broker, bank or nominee.

Dividends are paid in U.S. dollars and are generally taxable, just like dividends on U.S. shares. In addition, taxes may be withheld by the ADR company's local government. Depending on individual circumstances, foreign taxes withheld might be applied as a credit against U.S. taxes, or tax reclaim opportunities may be offered.

For dividend and corporate action information, please visit Search for Sanlam and then select the Dividends or the Corporate Actions tab under Program Activity

You can buy an ADR through a broker, just as you would U.S. securities.

Converting ordinary shares into ADRs must be done through a broker investment advisor or for registered holders through J.P. Morgan ADR Broker Service Desk. You can contact J.P. Morgan ADR Broker Service Desk on +1-212-552-8926 or by emailing

As the depositary bank, J.P. Morgan performs the following roles for ADR holders as further detailed in the Deposit Agreement:

For those holders who are not registered because their ADRs are held through a 'Street name' (nominee account), your nominee may receive Company documents from time to time from J.P. Morgan to distribute to ADR holders. You need to make arrangements with your nominee if you wish to receive such documentation and to be able to exercise your vote through the depositary bank at General Meetings.

Structure: Sponsored Level I ADR
Exchange: OTC
Ratio (ORD:DR): 2:1
DR ISIN: US80104Q2084
Ticker Symbol: SLLDY

Contact details for American Depositary Receipt (ADR) holders:

J.P. Morgan Chase Bank N.A.
383 Madison Ave,
Floor 11
New York NY 1017

Phone (US): 800-990-1135
Phone (Outside US): +1 651-453-2128