Level I ADR Program (American Depository Receipt)

Grifols launched a Level I American Depository Receipt (ADR) Program in the US in May 2009. An ADR is a negotiable US certificate representing ownership of shares in a non-US corporation. Grifols' Level I ADRs are quoted and traded in US dollars in OTC markets.

Two ADRs represent one common Class A share of Grifols and has the same voting rights. The dividends are equivalent to the Grifols' Class A shares and are paid to investors in US dollars. Dividends are converted into US dollars by the depository bank at the prevailing rate.


ADR depositary

The company ADR program is sponsored by Deutsche Bank Trust Company Americas (Deutsche Bank). As the depository bank, Deutsche Bank performs the following roles for ADR holders:

  • Records and maintains the register of ADR holders.
  • Is the stock transfer agent.
  • Distributes dividends in US dollars.
  • Facilitates the proxy voting process and exercises the voting rights on behalf of ADR holders.
  • Issues and cancels Grifols ADRs.
  • Distributes Annual General Meeting documentation.


Deutsche Bank Trust Company Americas

C/o American Stock Transfer & Trust Company

Peck Slip Station

P.O. Box 2050

New York, NY 10272-2050


Shareholder Service (toll-free) Tel. (866) 249-2593

Shareholder Service (international) Tel. (718) 921-8137

Ticker GIKLY Structure ADR
Exchange OTC Type Level I
Ratio 1 ORD:2 ADR Spon/Unspon Sponsored
DR ISIN US3984382008 ORD ISIN ES0171996012