American Depositary Receipt (ADR) Information

TGS Offers Investors the Convenience of Dividend Payments in U.S. Dollars

TGS' American Depositary Receipt Information

TGS has an ADR facility managed by The Bank of New York Mellon. ADRs offer U.S. investors the convenience of stock quotes and dividend payments in U.S. dollars with transactions cleared and settled according to normal U.S. standards. 

ADR Information
Symbol TGSGY
CUSIP 87243K 208
DR Exchange OTC
DR ISIN US87243K2087
Ratio ADR:ORD 1:1
Country Norway
Effective Date 28 June 2013
Underlying SEDOL B15SLC4
Underlying ISIN NO0003078800
Depositary BNY Mellon

TGS ADRs can be purchased and sold in the same way as other U.S. stocks via a U.S. broker and can provide investors with a cost-effective means of international portfolio diversification.

Enquiries concerning ADRs should be addressed to:

BNY Mellon Depositary Receipts
P.O. Box 43006
Providence, RI 02940-3006

Overnight correspondence should be mailed to:

BNY Mellon Depositary Receipts
250 Royall Street
Canton, MA 02021

Toll-free number for domestic calls:

1-800-BNY-ADRS

Number from outside of the U.S.:

201-680-6825 

Website:

www.bnymellon.com/shareowner

ADR FAQs

What is the TGS ADR ticker symbol and where is it traded? 

The TGS ADR is traded “Over the Counter” under the ticker symbol “TGSGY”. 

What is the ratio of the TGS ADR with the Oslo-listed TGS share?

The ratio is 1:1.

What are the TGS ADR CUSIP and ISIN numbers? 

The CUSIP is 87243K 208
The ISIN is US87243K208

What is the benefit of holding ADRs? 

ADRs offer U.S. investors the convenience of stock quotes and dividend payments in U.S. dollars with transactions cleared and settled according to normal U.S. standards. ADRs can be purchased and sold in the same way as other U.S. stocks via a U.S. broker and can provide investors with a cost-effective means of international portfolio diversification. 

What is the “Over the Counter” market? 

Sponsored Level I ADRs are traded in the U.S. Over the Counter (OTC) market with prices published in the "Pink Sheets". Establishment of a Sponsored Level I program does not require full SEC registration and the company does not have to report its accounts under U.S. GAAP or provide full SEC disclosure. Essentially, a Sponsored Level I Depositary Receipt program allows companies to enjoy the benefits of a publicly traded security without changing its current reporting process.

What is the difference between an ADR and an ADS?

An ADR (American Depositary Receipt) is a negotiable certificate issued by a depositary bank representing a specific number of shares of a non-U.S. company quoted and traded in U.S. dollars in the U.S.  securities market. An ADS (American Depositary Share) is the share issued under the ADR agreement which is actually traded. In many cases, the terms ADR and ADS are used interchangeably.

Who is the depositary bank for TGS ADRs? 

The Bank of New York Mellon (BNYM). The depositary bank plays a key role in the process of issuance and cancellation of ADRs. It also maintains the ADR holder register and distributes the dividends in U.S. dollars. The Bank of New York Mellon is a DTC (Depositary Trust Company) participant as are brokers and dealers, other banks, trust companies and clearing houses. 

For additional general information, please contact The Bank of New York Mellon at:
BNY Mellon Depositary Receipts
P.O. Box 43006
Providence, RI 02940-3006

Toll-Free Number for Domestic Calls: 1 888 BNY ADRS
Number from Outside of the U.S.: +1 201 680 6825
Website: www.bnymellon.com/shareowner

Can I buy TGS ADRs through a broker just as you would buy other U.S. securities? 

Yes, you can buy TGS ADRs through a broker or investment advisor.

Can I purchase ADRs directly from TGS? 

No.

What is the difference between a registered holder and a beneficial ADR holder? 

A registered holder is one whose name appears on the books of the depositary. The registered holder is considered the owner of the record. A beneficial holder is one whose holdings are registered in a name other than his or her own, such as the name of a broker, bank or nominee.

I did not receive a certificate with the purchase of my ADRs. How can I obtain a certificate? 

For registered owners, ownership is registered by the depositary bank and is evidenced by an account statement, provided by the depositary. Registered owners may request a physical certificate issued by the depositary bank and receive dividends and proxy materials directly from The Bank of New York Mellon. To have a physical certificate issued, complete, sign and return the tear-off portion of the account statement or contact The Bank of New York Mellon as indicated above. 

Owners of TGS ADRs that are registered in the "nominee name" or "street name" of a bank, broker or other institution that holds such securities for the accounts of others are considered beneficial owners. ADRs held in this form are book-entry securities, where the beneficial owner’s interest is recorded in an account held by the institution rather than by registration with the ADR depositary.

Major benefits of book-entry ownership are the elimination of problems associated with paper certificates such as storage, the safety of securities, or cost and inconvenience of replacement. Book-entry ADRs eliminate the requirement for physical movement of certificates at the time of sale or transfer of ownership. Investors purchasing ADRs through a broker who wish to become registered owners must specifically direct the broker to register the shares with the ADR depositary. If you choose to have a certificate issued, please contact The Bank of New York Mellon.

What does the term “Direct Registration Receipts” mean? 

The term "Direct Registration Receipts" means ADRs not evidenced by receipts that are evidenced by book-entry notations recorded on the Direct Registration System and by periodic statements from the depositary.

How can I find out how many ADRs I have?

Contact The Bank of New York Mellon as indicated above. For holders who are not registered because their shares are held through a nominee account, please contact your nominee for information on your ADR holdings. 

What should I do if I lose an ADR certificate? 

If your certificate is lost, stolen or destroyed, notify The Bank of New York Mellon investor hotline at +1 888 737 2377. Please ensure you have your Social Security Taxpayer Identification Number ready when calling. 

How do I register a change of address? 

It is important that you call The Bank of New York Mellon when you move so that your account records can be updated and your dividend check is sent to the right address. 

How are dividends paid? 

Dividends are paid in U.S. dollars, just like dividends on U.S. shares. 

How can I replace a lost dividend check?

You can request the replacement of a lost dividend check by calling The Bank of New York Mellon. Upon authorization from you, a stop payment order will be placed against the original check and a replacement check will be issued to you. Please have your Social Security Number ready when calling. 

How can I find out TGS ADR dividend information?

For the most current TGS ADR dividend information, you can call The Bank of New York Mellon. Please have your account number, exact address, and exact name(s) on the account ready when you call. You can also refer to The Bank of New York Mellon website and double click on the "Dividends and Distributions" section. 

Can I have my dividends directly deposited into my bank account? 

All or a portion of your cash dividend can be wired directly to your bank account. In order to take advantage of this option, your bank or financial institution must be part of Automatic Clearing House (ACH). If you are interested in this option please call The Bank of New York Mellon.