On November 17, 2008, the Brazilian Securities and Exchange Commission (CVM) and the United States Securities and Exchange Commission (SEC) approved a Sponsored Level 1 American Depositary Receipt Program to be implemented by Light S.A.
American Depositary Receipts (ADRs) are negotiable securities issued by companies not based in the Unites States representing a certain number of the company’s common shares, which are priced and traded in U.S. dollars in the American over-the-counter (OTC) market. Dividends on these instruments are also paid in U.S. dollars. ADRs are designed to facilitate the acquisition, retention and sale of non-U.S. shares by American investors, as well as to provide the companies in question with a financing vehicle.
For this purpose, Banco Bradesco S.A. is the custodian of Light’s common shares in Brazil, while Citibank N.A. is the depository institution in the United States, responsible for issuing the respective depositary shares. One ADR is equivalent to one Light S.A. common share.
|Ratio||(ADR:COM): 1 ADR:1 COM|
|Depository Institution||Citibank N.A.|
|Custodian Institution||Banco Bradesco S.A.|
|Security Type||Common Shares|
Contact for information on ADRs
Citibank Shareholder Services
Address – P.O. Box 43077
Providence RI 02940-3077
Phone – 1-877-248-4237
The phone number outside the U.S. is 781-575-4555