Movida began trading Level I ADR (American Depositary Receipt) on February 7, 2019. The ADR level I program does not imply in capital raising or in the issuance of new shares and it aims to increase the access of foreign investors to the Company, as well as to increase liquidity.

Movida ADR details:

Depository Bank Deutsche Bank Trust Company Americas
Custodian Bank Banco Bradesco S.A.
Type of Security Registered, book-entry common shares with no par value
Ratio 1 ADR corresponds to 4 common shares
Trading Over-the-counter (OTC) market in New York, United States
Ticker MOVYY
CUSIP 62459K 101
ISIN US62459K1016

Depositary Bank contact details for brokers and institutional investors (only):

US Phone: +1 212 250 9100
UK Phone: +44 207 547 6500


Notice: the following information does not contain all information that may be important to ADR holders. For more information, we highly recommend that you read the entire deposit agreement and the form of American Depositary Receipt, which contains the American Depositary Shares terms, available at this link.

What is an American Depositary Receipt (ADR)?

ADRs are a negotiable US-dollar denominated certificate representing shares in a non-US company. Movida ADRs represent Movida ordinary shares deposited with the Depositary Bank, which underlie such certificates and carry the associated shareholder rights. Holders of ADRs have the right to vote on shareholder resolutions and to receive dividends in US dollars. The term ADR and ADS are often used interchangeably. ADRs were specifically designed to facilitate the purchase, holding and sale of non-U.S. securities by US investors, and to provide a corporate finance vehicle for non-U.S. companies.

What are the benefits of ADRs to US investors?

U.S. investors may prefer to purchase ADRs rather than ordinary shares in the issuer’s home market because ADRs trade, clear and settle according to U.S. market conventions. One of ADRs’ advantages is the facilitated diversification into foreign securities. ADRs also allow easy comparison to securities of similar companies as well as access to price and trading information

How do I convert my ordinary shares into ADRs?

Converting ordinary shares into ADRs must be done through a broker, an investment advisor or through Deutsche Bank Trust Company Americas. You can contact Deutsche Bank broker services desk on +1 212 250 9100 or +44 207 547 6500.

What is an ADR ratio?

This is the relation between the numbers of ADRs and the number of ordinary shares. One Movida ADR represents four Movida ordinary shares, i.e. the ratio is 1:4.

Where are Movida ADRs traded?

Movida ADRs are traded on the Over-the-Counter market. The U.S. OTC trading in Level 1 ADRs is carried out by market makers using inter-dealer quotation services of OTC Markets (operated by OTC Markets)

Who is Movida’s Depositary Bank for ADRs?

Deutsche Bank Trust Company Americas (Deutsche Bank). The depositary bank plays a key role in issuance as well as cancellation of ADRs. It also, inter alia, maintains the ADR holder register, distributes the dividends in US dollars and facilitates the exercise by the ADRs holders of their voting rights (if necessary).

Where can I find the ADR corporate actions announcements?

You can view them under Look up Movida and chose the corporate actions tab