ADR programme
Effective 23 May 2011, Swiss Re Ltd established a new sponsored American Depositary Receipts (ADR) facility representing its shares which have not been and will not be registered under the U.S. Securities Act of 1933 (the "Securities Act"). The purpose of the ADR level I programme is to increase awareness and accessibility of Swiss Re shares in the United States. Each ADR issued under this programme represents one Swiss Re share. These ADRs are traded over the counter in the United States under the symbol SSREY and trade in U.S. dollars. Neither the ADRs nor the underlying Swiss Re shares are listed on a securities exchange in the United States.
Swiss Re Ltd shares may not be deposited in any new ADR facility unless and until such time as such shares are freely transferable in the United States pursuant to Rule 144 under the Securities Act. This notification does not constitute an offer to sell, or the solicitation of an offer to exchange, any securities. Any offer or sale by Swiss Re Ltd of its securities in the United States will be made pursuant to an applicable exemption from registration under the Securities Act and otherwise in compliance with applicable securities laws in any other jurisdiction.
Security overview
| ADR, sponsored level I programme 1 |
Underlying registered share |
|
| Symbol (Bloomberg/Reuters) | SSREY:US/SSREY.PK | SREN:VX/SREN.VX |
| Listing | Not listed | Main Segment of SIX Swiss Exchange |
| Trading | Over the counter (OTC) | SIX Swiss Exchange |
| ISIN | US8708861088 | CH00126881561 |
| 1 | The former ADR programme (OTC: SWCEY) was terminated effective March 21, 2011. |
ADR depositary bank/contact
J.P. Morgan administers Swiss Re's ADR programme. J.P. Morgan ADR shareholder services can be contacted as follows:
Toll free number: +1 800 990 1135
Outside the U.S.: +1 651 453 2128
E-mail: jpmorgan.adr@wellsfargo.com
This service is for registered holders of the ADR. Holders of the ADR who are not registered with J.P. Morgan should contact their broker.
J.P. Morgan provides an overview of Swiss Re's ADR programme on its own website http://www.adr.com and also maintains a section on frequently asked questions (FAQ) on ADRs in general.
Regular Correspondence:
J.P. Morgan Service Center
J.P. Morgan Chase & Co.
P.O. Box 64504
St. Paul, MN 55164 0504
ADR dividend history
| YEAR | ADR declared date | ADR record date | ADR pay date | Gross dividend (CHF) | Gross dividend (USD) |
|---|---|---|---|---|---|
| 20131 | 10 April 2013 | 16 April 2013 | 24 April 2013 |
3.50 2 | 3.729398 |
| 20121 | 13 April 2012 | 19 April 2012 |
27 April 2012 |
3.00 | 3.293807 |
| 20111 | 15 April 2011 | - 3 | - 3 | 2.75 | 3.121099 |
| 2010 | 07 April 2010 | 13 April 2010 | 10 May 2010 | 1.00 | 0.937699 |
| 2009 | 09 March 2009 | 17 March 2009 | 27 April 2009 | 0.10 | 0.08513 |
| 2008 | 27 March 2008 | 22 April 2008 | 03 June 2008 | 4.00 | 3.913542 |
| 2007 | 03 April 2007 | 24 April 2007 | 30 May 2007 | 3.40 | 2.803568 |
| 2006 | 16 March 2006 | 25 April 2006 | 31 May 2006 | 2.50 | 1.986097 |
| 2005 | 13 April 2005 | 11 May 2005 | 15 June 2005 | 1.60 | 1.28449 |
| 2004 | 07 April 2004 | 18 May 2004 | 23 June 2004 | 1.10 | 0.85839 |
Notes
| 1 | The dividends paid in 2011, 2012 and 2013 are Swiss withholding tax and Swiss income tax exempt distributions out of legal reserves from capital contributions for Swiss resident individuals holding shares as a private investment. For dividends paid in 2010 and prior, dividends were subject to Swiss withholding tax of 35% at the time of initial payment. For ADR holders, the depositary bank performs a tax reclaim process with the Swiss tax authorities. The actual dividend tax paid depends on the specific tax status of the dividend recipient. The tax reclaim process causes a difference in timing between the pay dates for the registered Swiss Re share and the ADR. For further tax questions, please consult your tax advisor. |
| 2 | In addition to the regular dividend of CHF 3.50 per share a special dividend of CHF 4.00 (USD 4.296455) per share was paid in 2013. |
| 3 | In connection with the establishment of Swiss Re Ltd as the new holding company for the Swiss Re Group, the Swiss Re sponsored ADR programme (OTC: SWCEY) was terminated effective 21 March 2011. Outstanding dividends for ADR holders were paid together with the net sale proceeds when the ADRs were surrendered. |