What is an ADR?

An American Depositary Receipt (ADR) is a negotiable instrument that represents ownership in securities of a non-US company; it is a mechanism that facilitates US trading of non-US securities. ADRs are created when a broker purchases the non-US company's shares on the home stock market and delivers those to the Depositary's local custodian bank, which then instructs the Depositary bank to issue Depositary Receipts, i.e. ADRs. In addition, Depositary Receipts may also be purchased in the US secondary trading market, on an exchange or in the over-the-counter market.

What are ADSs?

An American Depositary Share (ADS) is a share, evidenced by an ADR, that represents a specified number of underlying shares held in custody in the issuer's home market. The terms ADR and ADS are often used interchangeably. Vodafone ADSs, each representing 10 Ordinary Shares, are traded on the NASDAQ Stock Market under the VOD symbol.

ADS holders are not members of the Company, but may instruct BNY Mellon on the exercise of voting rights relative to the number of Ordinary Shares represented by their ADRs.

Who is the Depositary for Vodafone's ADRs?

The Depositary Bank for Vodafone's ADR program is BNY Mellon, contactable as follows:

By post:

BNY Mellon Depositary Receipts
PO Box 43006
RI 02940-3006. USA

By courier:

BNY Mellon Depositary Receipts
250 Royall Street, Canton
MA 02021, USA

Calling from inside the US: 800 233 5601 (toll-free)
Calling from outside the US: +1 800 233 5601 / +1 201 680 6837 (not toll-free)


ADS holders should address any queries or instructions regarding their holdings to BNY Mellon at the above address or telephone number. ADS holders can also, subject to person and identity check, view their account balances and transaction history and sell shares from their Global BuyDIRECT Plan at