• 3. Are Bank of Ireland listed on the New York Stock Exchange?

    In the US, the Bank’s ordinary stock (symbol IRE) was formerly traded on the New York Stock Exchange (NYSE) in the form of American Depositary Shares (ADSs), each ADS representing the right to receive forty shares of ordinary stock and evidenced by American Depositary Receipts (ADRs).

    ADRs are negotiable securities that are used to represent, among other things, a non-US company’s publicly traded ordinary share capital. ADRs are traded and dividends are distributed in US dollars just like any US security, alleviating certain obstacles associated with investing directly in the home markets of non-US companies. The Bank of New York Mellon (BNY Mellon) is the Depositary Bank for the Bank of Ireland’s ADR Program.

    On 21 January 2015, the Bank announced that the Court of Directors had resolved to voluntarily delist its ADSs from the NYSE and to terminate its sponsored ADR programme. The last day of trading on the NYSE was 13 February 2015 and the sponsored ADR programme was terminated on 22 April 2015. The Group has not arranged for the listing of its ADRs or ordinary stock on another US securities exchange or for the quotation of its ordinary stock in a quotation medium in the United States. Following termination of the deposit agreement, BNY Mellon will discontinue registration of transfers of the ADRs. ADR holders will have one year from the termination of the ADR facility to surrender their ADRs to BNY Mellon, as depositary, for cancellation, and upon payment of the applicable fees of up to $0.05 per ADR plus taxes and charges as provided in the deposit agreement, receive the underlying ordinary stock of Bank of Ireland.