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Can you explain the difference between Unilever NV ordinary shares (or depositary receipts) in the Netherlands & the New York registry shares?

April 26, 2017Depositary explain new york NV receipts Shares the netherlands Unilever

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Can you explain the difference between Unilever NV ordinary shares (or depositary receipts) in the Netherlands & the New York registry shares?

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New York registry shares are issued by a US transfer agent and registrar (Citibank, N.A.) on behalf of Unilever NV and created against the cancellation of the local share by the local registrar. One New York registry share is the equivalent of one Unilever NV ordinary share (or depositary receipt thereof). Dividends on the New York registry shares are (after exchange) paid in US dollars.