Information for shareholders holding San Leon shares through American Depositary Receipts (“ADRs”)

San Leon maintains an ADR program, administrated by Deutsche Bank, through which North America-based parties can trade in San Leon’s shares.  ADRs are quoted on the OTC Pink market, under the symbol "SLGYY". 

Up until the close of business on Thursday, January 28, 2016, the ADRs were quoted on the OTCQX International marketplace.  Effective Friday, January 29, 2016, the ADRs are quoted on the OTC Pink marketplace. The ticker symbol for the ADRs, ADR ratio, ISIN and CUSIP numbers were all unaffected by this change.

Subsequent to the move from OTCQX International to OTC Pink on January 29, 2016, United States based investors and shareholders are no longer able to access Company information through OTC Markets.  Company information filed with the London Stock Exchange is available to investors from either the Company’s website,, or through the LSE’s website,

Adjustment for Share Capital Reorganisation on July 2015

On July 15, 2015, San Leon’s old ordinary shares were effectively split into new ordinary shares and deferred shares.  Ordinary shares were, effectively, consolidated on a 1 new for 100 old basis.  To accommodate this reorganisation, certain changes were made to the ADR program at the time of reorganisation:

  • Prior to San Leon’s Share Capital Reorganisation, each ADR represented 50 San Leon ordinary shares (i.e. purchasing 100 ADRs represented the purchase of 5,000 San Leon shares).
  • After the Share Capital Reorganisation, the ADR ratio was adjusted such that each ADR now represents 5 San Leon ordinary shares.
  • For those who held ADRs prior to the date of the Share Capital Reorganisation, the old ADRs were exchanged and new ADRs reflecting the new ratio were issued.
  • The net effect on those who held ADRs as of the date of the Share Capital Reorganisation was that they received one new ADR for each 10 old ADRs which they previously held.  Entitlement to new ADRs was rounded down to the nearest whole number, and no fractional ADRs were issued

As the deferred shares issued in the Share Capital Reorganisation effectively have no value, the ADRs will not represent any underlying ownership interest in deferred shares, and solely represent the new San Leon ordinary shares.

Any holders of ADRs who have additional enquiries should contact:


Deutsche Bank Shareholder Services

American Stock Transfer & Trust Company

Operations Center

6201 15th Avenue

Brooklyn, NY 11219

Tel: 1-800-937-5449 (USA) or +1-718-921-8124 (outside USA)



With reference to:

CUSIP NUMBER: 79846M 202

ISIN: US79846M2026


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