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ADR Program

Santos Limited maintains a sponsored Level 1 American Depositary Receipt (ADR) program with Deutsche Bank Trust Company Americas (Deutsche Bank).

Santos Limited’s ADR program is sponsored by Deutsche Bank.

As the depositary bank, Deutsche Bank performs the following roles:

  • Issues and cancels Santos Limited ADRs
  • Records and maintains the register of ADR holders
  • Stock transfer agent
  • Distributes dividends in US dollars (if applicable)
  • Facilitates the proxy voting process and exercises the voting rights on behalf of ADR holders (if applicable)
  • Distributes company circulars and Annual General Meeting documentation (if applicable)

For those holders which are not registered because their shares are held through a ‘street name’ (or nominee account), your nominee will receive company documents from time to time from Deutsche Bank to distribute to you.  You need to make arrangements with your nominee if you wish to receive such documents and to be able to exercise your vote through the depositary bank at general meetings (if applicable).

ADR details

Ticker: SSLZY
Structure: Level 1 ADR
Exchange: OTC
Ratio (ADR:ORD): 1 : 1
DR ISIN: US8030218072
CUSIP: 8030218072

Contact details for ADR investors and brokers

Deutsche Bank ADR broker services desks

New York:  +1 212 250 9100
London:  +44 207 547 6500

Contact details for registered ADR holders

Deutsche Bank Shareholder Services
American Stock Transfer & Trust Company

Operations Center
6201 15th Avenue
Brooklyn NY 11219
Toll-free number:  +1 866 706 0509
Direct Dial:  +1 718 921 8124


The following information does not contain all information that may be important to you.

For more complete information, we highly recommend that you read the entire deposit agreement and the form of American Depositary Receipt, which contains the American Depositary Shares terms.

An ADR is a negotiable US dollar denominated certificate representing ownership of share(s) in a non-US company.  Santos Limited ADRs represent Santos Limited ordinary shares deposited with the depositary bank, to underlie such certificates and carry the rights attached to them as detailed in the Depositary Agreement. Holders of ADRs receive dividends in US dollars (if applicable) and have the right to vote on shareholders resolutions (if applicable). The term ADR and ADS are often used interchangeably. ADRs were specifically designed to facilitate the purchase, holding and sale of non-US securities by US investors.

The ADR ratio defines the numeric relationship between the number of ADRs and the number of ordinary shares. Every 1 ordinary Santos Limited share represent 1 Santos Limited ADR.

US investors may prefer to purchase ADRs rather than ordinary shares in Santos Limited’s home market because ADRs trade, clear and settle according to US market conventions. ADRs allow chiefly US investors to diversify into non-US securities, relatively easily.

Santos Limited established the ADR program to make it easier for US investors to invest in Santos Limited.  ADRs are easier for US investors for various reasons including that administrative costs are reduced and capital gains are realized in US dollars.

We hope that the ADR program encourages US investors to increase their exposure to Santos Limited, as it will now be easier for them to do so.

ADR issuers are typically large corporations with primary listings outside of the US. Any non-US company seeking to raise capital in the US or increase their base of US investor can also issue ADRs.

Santos Limited ADRs are traded over-the-counter (OTC) on the electronic market operated by OTCMarkets.  For more information, visit

The OTCMarkets is a decentralized market for securities that are not listed on a stock exchange. Trading on OTCMarkets occurs via a network of dealers who carry inventories of securities to facilitate the buy and sell orders of investors.

Deutsche Bank Trust Company Americas is the depositary bank for Santos Limited’s ADR program.  The depositary bank plays a key role in issuance as well as cancellation of ADRs. It also maintains the ADR holder register, distributes the dividends in US dollars (if applicable) and facilitates the exercise by the ADRs holders of their voting rights (if applicable).

Santos Limited ADRs are denominated in US dollars.

A registered holder is the party whose name appears on the books of the depositary bank. The registered holder is considered the owner of record. A beneficial holder is the ultimate owner of the security, whose holdings are registered in a name other than their own, such as in the name of a broker, bank or nominee.

Converting ordinary shares into ADRs must be done through a broker investment advisor or for registered holders through Deutsche Bank Trust Company Americas. You can contact Deutsche Bank broker services desk on +1 212 250 9100 or +44 207 547 6500

If you do not hold via a broker, bank or nominee, please contact our transfer agent:

Deutsche Bank Shareholder Services

American Stock Transfer & Trust Company
6201 15th Avenue
Brooklyn, NY 11219
Toll-free number: +1 866 706-0509
Direct Dial: +1 718 921 8124

For corporate action information

Please visit

Search for Santos Limited and then select Corporate Actions tab.

Alternatively, you may contact Deutsche Bank Trust Company Americas Shareholder Services on toll-free number +1 866 706 0509 or direct dial +1 718 921 8137.