Localiza has a Level I ADR program, traded under the ticker LZRFY at OTCQX (over the counter) market.
ADRs are negotiable certificates in US dollars which represent ownership of shares in a non-US company. Localiza’s ADRs represent Localiza’s common shares deposited with the depositary bank as backing the certificate and carry the rights attached to them as detailed in the Depositary Agreement. Holders of ADRs receive dividends in US dollars (if applicable) and have the right to vote on shareholders resolutions. The term ADR and ADS (American Depositary Shares) are often used interchangeably. ADRs were specifically designed to facilitate the purchase, holding and sale of non-U.S. securities by US investors. For more information, please refer to the area “ADR´s FAQs (Frequently Asked Questions)”.