- Sundance's ADRs trade on a U.S. securities exchange just like other U.S. publicly traded securities.
- ADRs are traded and quoted in U.S. dollars and are cleared and transferred in the same manner as U.S. stocks.
- After conversion, ADR holders can either set up a direct registration account to become a registered shareholder or hold ADRs through brokers via The Depository Trust Company and become a beneficial shareholder.
DENVER, Nov. 14, 2016 (GLOBE NEWSWIRE) -- Sundance Energy Australia Limited (ASX:SEA) (NASDAQ:SNDE) ("Sundance" or the "Company"), is a U.S. onshore oil and gas exploration and production company focused in the Eagle Ford and Greater Anadarko Basin. As previously announced, Sundance Energy Australia Limited ("Sundance") maintains a sponsored American Depositary Receipt ("ADR") program with The Bank of New York Mellon ("BNYM"). An ADR is an issued receipt that represents ordinary shares of a company based outside the United States that are held in custody in respect of the ADR program. The ADRs of Sundance are traded on the NASDAQ market under the symbol "SNDE." Each ADR represents ownership of 100 (one-hundred) Sundance ordinary shares. Existing shareholders may consider owning Sundance through ADRs. Specifically: