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American Depositary Receipts

Vodacom has a sponsored Level 1 American Depositary Receipt (ADR) programme with J.P. Morgan. The Level 1 ADR programme trades on the US over-the-counter (OTC) markets under the symbol VDMCY (it is not listed on a U.S. stock exchange). Each ADR represents one Vodacom Ordinary Share.

Ticker: VDMCY
Structure:   Level 1 ADR
Exchange: OTC
Ratio: 1 ADR : 1 Ordinary Share
DR ISIN: US92858D2009
CUSIP:    92858D2009

Contact details for ADR investors and brokers:

J.P. Morgan Chase ADR Broker Enquiries
New York: Tel +1 212 552 8926

Contact details for registered ADR holders:

Shareowner Services
J.P. Morgan Chase Bank, N.A.
PO Box 64504
St Paul, MN55164-0504

Telephone: +1 651 453 2128 (from the USA: 1 800 990 1135).
Lines are open Monday to Friday 7:00am to 7:00pm (Central Time US)

Online: Visit, then select ‘Contact Us’

J.P. Morgan Chase Bank, N.A., as the depositary bank for Vodacom’s sponsored Level 1 ADR programme, performs the following roles for ADR holders:

  • Records and maintains the register of ADR holders
  • Is the stock transfer agent
  • Distributes dividends in U.S. dollars
  • Facilitates the voting process and the exercise of the voting rights of ADR holders at any Company General Meeting, if permitted by the Company and the Depositary Agreement
  • Issues and cancels Vodacom ADRs

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.

Frequently Asked Questions

What is an American Depositary Receipt?

A depositary receipt (DR) is a physical, negotiable certificate that represents ownership of shares in an overseas company that is held in custody in the issuer's home market. The structure of a depositary receipt includes a ratio, which correlates the amount of underlying shares to the receipt, as well as other general terms and conditions applicable to holders. A depositary receipt can be cancelled for its underlying shares at any time. An American Depositary Receipt ("ADR") references DRs that are available in the US. The terms ADR and ADS (or DR and DS) are often used interchangeably.

What are the benefits of ADRs to U.S. investors?

US investors often 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.

How can I find dividend payment and corporate action information for Vodacom ADRs?

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

How are ADR dividends paid?

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.

What is the difference between a registered holder and a beneficial ADR holder?

A registered holder is one whose name appears on the books of the depositary bank, 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.