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How are Depository Receipts structured?
Triodos Bank believes that it is crucial that its mission and independence are protected. All of Triodos Bank's ordinary shares ('Shares') are held in a special trust called the Foundation for the Administration of Triodos Bank Shares, or SAAT to use its Dutch abbreviation. This body makes sure that decisions about financial profit are not made at the expense of Triodos Bank's social and environmental goals.
Depository Receipts represent shares in Triodos Bank. SAAT issues these Depository Receipts for Triodos Bank Shares to individuals and institutions.
If you choose to invest you will own Depository Receipts issued by SAAT representing Shares in Triodos Bank N.V. As well as issuing Depository Receipts, SAAT exercises all of the voting rights for Triodos Bank Shares.
The Depository Receipts are not listed on any stock exchange. Instead, Triodos Bank maintains an internal market. We operate a euro-denominated matched-bargain market. Please contact us for more information and a seller’s pack.
More from the same category of FAQs:
- I have submitted my declaration and now have an application form, what do I do next?
- How will I know when my Depository Receipts have been allocated?
- Can I apply if I live outside the UK?
- Can I apply for Depository Receipts online?
- How do I buy more Depository Receipts?