Holiday Inn 2015 Annual Report Download - page 162

Group information continued
Description of securities other than equity securities
Fees and charges payable to a depositary
Category (as defined by SEC) Depositary actions Associated fee
Depositing or substituting
the underlying shares
Each person to whom ADRs are issued against deposits of shares,
including deposits and issuances in respect of:
• share distributions, stock splits, rights, mergers; and
• exchange of securities or any other transactions or event or
other distribution affecting the ADSs or the deposited securities
$5 for each 100 ADSs
(or portion thereof)
Receiving or distributing
dividends
Distribution of stock dividends $5 for each 100 ADSs
(or portion thereof)
Distribution of cash $0.02 or less per ADS
(or portion thereof)
Selling or exercising rights Distribution or sale of securities, the fee being in an amount equal
to the fee for the execution and delivery of ADSs which would have
been charged as a result of the deposit of such securities
$5 for each 100 ADSs
(or portion thereof)
Withdrawing an underlying
security
Acceptance of ADRs surrendered for withdrawal of deposited securities $5 for each 100 ADSs
(or portion thereof)
Transferring, splitting or
grouping receipts
Transfers, combining or grouping of depositary receipts $1.50 per ADS
General depositary services,
particularly those charged
on an annual basis
Other services performed by the depositary in administering the ADRs $0.02 per ADS (or portion thereof)a
not more than once each calendar
year and payable at the sole
discretion of the ADR Depositary by
billing ADR holders or by deducting
such charge from one or more cash
dividends or other cash distributions
Expenses of the depositary Expenses incurred on behalf of ADR holders in connection with:
• compliance with foreign exchange control regulations or any law
or regulation relating to foreign investment;
• the ADR Depositary’s or its custodian’s compliance with applicable
laws, rules or regulations;
• stock transfer or other taxes and other governmental charges;
• cable, telex, facsimile transmission/delivery;
• transfer or registration fees in connection with the deposit and
withdrawal of deposited securities;
• expenses of the ADR Depositary in connection with the conversion
of foreign currency into US dollars (which are paid out of such
foreign currency); and
• any other charge payable by the ADR Depositary or its agents
Expenses payable at the sole
discretion of the ADR Depositary
by billing ADR holders or by
deducting charges from one or
more cash dividends or other cash
distributions are $20 per transaction
a These fees are not currently being charged by the ADR Depositary.
Fees and charges payable by a depositary
JPMorgan Chase Bank N.A. (JPMorgan or the ADR Depositary) is the depositary for IHG’s ADR programme. The ADR Depositary’s principal
executive office is at: J.P. Morgan Depositary Receipts, 4 New York Plaza, 12th Floor, New York, NY 10004, US. The ADR Depositary
has agreed to reimburse certain reasonable Company expenses related to the Company’s ADR programme and incurred by the Company in
connection with the ADR programme. During the year ended 31 December 2015, the Company received $300,000 from the ADR Depositary in
respect of legal, accounting and other fees incurred in connection with the preparation of the Annual Report and Form 20-F, ongoing SEC
compliance and listing requirements, investor relations programmes, and advertising and public relations expenditure.
160 IHG Annual Report and Form 20-F 2015