On August, 08 ,2011, the SLC Agrícola strar the negotiation of American Depositary Receipt Program (ADR’s) sponsored Level 1, in the U.S. Market under the ticket “SLCJY”.
About ADRs: An ADR is a deposit receipt that represents ownership of the underlying stock in a non-U.S. company and that trades in U.S. financial markets. ADRs are quoted in U.S. dollar and dividends are paid in the same currency. ADRs were created to make it easier for U.S. investors to buy, hold and sell stock in non-U.S. companies.
For this propose, Banco Itaú Unibanco, is the custodian of SLC Agrícola S.A. common shares in Brazil, while JPMorgan Chase Bank,is the depository institution in the United States, responsible for issuing the respective depositary shares. One ADR is equivalent to one SLC Agrícola S.A.. common share.
Current ADR prices and financial information are available at www.otcmarkets.com/stock/SLCJY/quote.