ADR programme
Swiss Re Ltd (“Swiss Re”) has a sponsored Level I American Depositary Receipt (“ADR”) programme that is administered by Deutsche Bank Trust Company Americas as depositary bank.
The purpose of the sponsored Level I ADR programme (also known as an ADR facility) is to increase awareness and accessibility of Swiss Re’s shares in the United States. ADRs are receipts that represent American Depositary Shares (ADSs), which are traded, cleared and settled in U.S. dollars and any dividends declared are paid in U.S. dollars to ADS holders. Neither the ADSs nor the underlying Swiss Re shares are listed on a U.S. stock exchange.
The ADSs are traded on the U.S. over-the-counter (OTC) markets under the symbol SSREY. Following a ratio change in June 2015, each ADS represents one quarter of one Swiss Re share. Prior to the change, each ADS represented one Swiss Re share.
Swiss Re shares may not be deposited in the ADR facility unless and until such time as such shares are freely transferable in the United States pursuant to Rule 144 under the U.S. Securities Act of 1933, as amended (the “Securities Act”).
The foregoing does not constitute an offer to sell, or the solicitation of an offer to exchange, any securities. Any offer or sale by Swiss Re 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:SW/ SREN.SW |
|
Listing |
Not listed |
International Reporting Standard of SIX Swiss Exchange |
|
Trading |
Over the counter (OTC) |
SIX Swiss Exchange |
|
ISIN |
US8708861088 |
CH0126881561 |
1 The predecessor ADR programme (OTC: SWCEY) of Swiss Reinsurance Company Ltd was terminated effective March 21, 2011.
ADR depositary bank/contact
Deutsche Bank administers the Swiss Re ADR programme.
ADR programme contact details for brokers and institutional investors:
US: +1 212 250 9100
UK: +44 (0) 207 547 6500
Deutsche Bank Trust Company Americas also acts as registrar, transfer agent, record keeper and dividend paying agent.
ADR holders can contact our depositary bank, Deutsche Bank, at:
Equiniti Trust Company, LLC
Peck Slip Station
PO Box 2050
New York NY10272-2050
Overnight Address:
Equiniti Trust Company, LLC
55 Challenger Road
Ridgefield Park, NJ 07760
EQ DRIP PLAN MAILING ADDRESS:
Equiniti Trust Company, LLC
PO Box 10027
Newark NJ 07101
Email: [email protected]
Toll-free number (within the United States): +1 866 249 2593
Outside the United States: +1 718 921 8137
FAQ: Frequently Asked Questions about the ADR programme
Read the FAQ
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ADR dividend history
Dividend history is on a per underlying Swiss Re share basis. Prior to the ratio change in June 2015 one ADS represented one Swiss Re share. Following the ratio change, each ADS represents one quarter of one Swiss Re share.
ADR dividend history
|
Year |
ADR declared date |
ADR record date |
ADR pay date |
Gross dividend per |
Gross dividend |
|---|---|---|---|---|---|
|
2024 |
12 April 2024 |
17 April 2024 |
25 April 2024 |
6.21554 |
1.70 |
|
2023 |
12 April 2023 |
13 April 2023 |
25 April 2023 |
5.688 |
1.60 |
|
2022 |
13 April 2022 |
20 April 2022 |
28 April 2022 |
5.90 |
1.544163 |
|
2021 |
20 April 2021 |
21 April 2021 |
29 April 2021 |
5.90 |
1.377243 |
|
2020 |
21 April 2020 |
22 April 2020 |
30 April 2020 |
5.90 |
1.510481 |
|
2019 |
23 April 2019 |
24 April 2019 |
27 June 2019 |
5.60 |
1.371325 |
|
2018 |
24 April 2018 |
25 April 2018 |
15 June 2018 |
5.00 |
1.271009 |
|
2017 |
25 April 2017 |
26 April 2017 |
15 June 2017 |
4.85 |
1.221637 |
|
2016 |
26 April 2016 |
27 April 2016 |
16 June 2016 |
4.60 |
1.190192 1 |
|
20152 |
24 April 2015 |
24 April 2015 |
4 May 2015 |
4.253 |
4.06045 |
|
20142 |
11 April 2014 |
14 April 2014 |
29 April 2014 |
3.854 |
4.314392 |
|
20132 |
10 April 2013 |
16 April 2013 |
24 April 2013 |
3.505 |
3.729398 |
|
20122 |
13 April 2012 |
19 April 2012 |
27 April 2012 |
3.00 |
3.293807 |
|
20112 |
15 April 2011 |
- 6 |
- 6 |
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 A depositary fee of USD 0.03 per ADR will be deducted at source.
2 The dividends paid in 2011, 2012, 2013, 2014 and 2015 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.
Dividends are 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.
In 2019 the dividend will paid in 2 stages. The first payment on the 27 June is less 35% Swiss withholding tax. Eligible holders reclaiming Swiss withholding tax will receive a second payment once the reclaim process is completed. The dividend rate featured here is based on the USD exchange rate used for the dividend payment net of tax.
3 In addition to the regular dividend of CHF 4.25 per share a special dividend of CHF 3.00 (USD 2.8662) per share was paid in 2015.
4 In addition to the regular dividend of CHF 3.85 per share a special dividend of CHF 4.15 (USD 4.682915) per share was paid in 2014.
5 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.
6 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.