ADR Vallourec

Sponsored ADR program in the United States

Since 4 October 2010, Vallourec ADRs have been traded in the United States in the over-the-counter (OTC) market. An ADR is a US dollar denominated security representing shares in a non-US company, which allows American investors to indirectly hold shares and to trade them on securities markets in the United States. J.P. Morgan will issue ADR certificates representing Vallourec shares, with dividend and voting rights attached. As the depositary bank, J.P. Morgan will distribute dividends in U.S dollars and facilitate the voting process on behalf of ADR holders.
Financial dis​​closure and quotes for the company are available on


 Ratio 5 ADR represent 1 Vallourec share
 Location  New York
 Market  OTC
 Codes  ISIN: US92023R2094,
 Ticker symbol: VLOWY
 Cusip number: 92023R 30 8
 Depositary Bank  JP Morgan Chase Bank

Direct link to Vallourec page on

 ADR shareholders contact

General: (800) 990-1135 
If calling from outside the U.S.: (651) 453-2128

JPMorgan Service Center
JPMorgan Chase & Co
P.O. Box 64504 
St. Paul, MN 55164-0504 

 ADR Questions/Answers​


plus/moinsADR Questions/Answers

plus/moinsWhat is an ADR?

An American Depositary Receipt, or ADR, is a negotiable U.S. security representing ownership of publicly traded shares in a non-U.S. corporation. There are several levels of ADR : non sponsored ADR and level 1, 2 or 3 ADR. Non sponsored ADR and level 1 ADR (Vallourec case) are not quoted but traded in the over-the-counter (OTC) market, while level 2 and 3 ADR's are quoted and traded in U.S. dollars in the U.S. securities market. Dividends, when paid, are paid to investors in U.S. dollars. ADRs were specifically designed to facilitate the purchase, holding and sale of non-U.S. securities by U.S. investors.

plus/moinsWhere are Vallourec' ADRs traded?

The ADR shares are traded in the US on the Over The Counter (OTC) market . The ticker symbol is VLOWY / VLOWD.

plus/moinsHow can I buy Vallourec ADRs?

You can purchase ADRs directly through your broker as a beneficial or 'street name' holder. Beneficial or 'street name' holders usually hold their shares through a bank or brokerage account and are not directly registered on the books of the company.

plus/moinsWhat are the benefits of holding ADRs?

ADRs eliminate many of the obstacles of holding non-U.S. securities since they trade and settle according to U.S. market practices, are quoted and traded in dollars and pay dividends in dollars.

plus/moinsWho is your depositary bank and transfer agent?

Our ADR depositary bank and transfer agent is JPMorgan Chase Bank, N.A.. Any inquiries regarding an individual ADR holding can be directed to JPMorgan Chase Bank, N.A.

plus/moinsHow do I convert my shares into ADRs and vice versa?

You can transfer your foreign shares to JPMorgan's custodian bank in the issuer's home country. Upon receipt of the foreign shares, JPMorgan Chase Bank, N.A. will issue ADRs to you, representing the newly deposited shares. To convert your ADRs back into foreign shares, you should instruct your broker to cancel the ADRs, and provide him or her with complete delivery instructions in the issuer's home country.

plus/moinsWhere can I direct inquiries relating to ADR dividend payments, transfer of ADR certificates, consolidation of shareholders accounts?

ADR shareholders  contact :
JPMorgan Chase & Co
P.O. Box 64504
St. Paul, MN 55164-0504
Phone : (800) 990-1135
Phone :+1 (651) 453-2128 for enquiries from outside the united States

plus/moinsCan I subscribe to receive company news electronically?

To receive Vallourec's latest news by e-mail, you can subscribe to our news feed: News Feed.

plus/moinsHow may I obtain documentation about Vallourec, such as the Registration document, the Activity report, quarterly results…etc. ?

- in electronic form: the Registration Document, the Activity report,  presentations on quarterly results and investor presentations may be downloaded in PDF form from the Investor Pack tab.

- in paper form: the Registration Document, the Activity report and Vallourec at a glance may be ordered online from the Media/Order our publications tab​.

- to receive Vallourec's latest news by e-mail, you may subscribe to our news feed: News feed​.​

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