OREANDA-NEWS. May 15, 2007. Since 1997 UESR has launched a Level 1 ADR (American Depositary Receipt) program for common shares, which are traded on OTC markets in USA, Great Britain, Germany and Austria.

The ADR program on preference shares was set up in May 2000.

In December 2000, sponsored depositary receipt programs were transferred from Bank of New York to Deutsche Bank Trust Company Americas. Bank of New York has kept the unsponsored GDR Reg S depositary receipt program.

In April 2004, UESR and Deutsche Bank Trust Company Americas have launched a new sponsored Reg S program.