ADR Information

In May 2009, Intercell launched a Level 1 ADR (American Depositary Receipt) program. The Bank of New York Mellon has been appointed as the Company's depositary bank for this facility and is responsible for issuing ADRs. Each ADR represents one Intercell AG ordinary share. ADRs are denominated in U.S. dollars and trade on the OTC (over the counter) markets. Intercell has applied to have its ADRs quoted on the OTCQX International market to enhance trading of its ADRs.

Questions about buying and selling Intercell ADRs should be addressed to your bank or broker.

As a pre-requisite to establishing its ADR program, Intercell is obliged to publish certain information in English on its website in accordance with Rule 12g3-2(b) under the Securities Exchange Act of 1934. Intercell complies with these ongoing reporting requirements by posting the required English language disclosure on its website. Amongst other information, English translations of the following documents can be found under www.intercell.com:

  • annual report including annual financial statements;
  • interim reports including interim financial statements;
  • press releases;
  • all other communications and documents distributed directly to shareholders; and
  • English language summaries of any other material information that is not originally prepared in English.


Intercell level 1 ADR facility - technical information

CUSIP Number for Intercell ADRs: 45845M105
Symbol: INRLY

Depositary bank:
THE BANK OF NEW YORK MELLON
101 Barclay Street, New York 10286, USA

Toll free number in the U.S.: 888-269-2377
Number from outside the U.S.: +1 201-680-6825.
E-Mail: shrrelations@bnymellon.com

About ADRs

An American Depositary Receipt (ADR) is a negotiable U.S security that represents a company's publicly traded equity or debt. Depositary Receipts are created when a broker purchases a non-U.S. company's shares on its home stock market and delivers the shares to the depositary's local custodian bank, and then instructs the depositary bank, such as The Bank of New York Mellon, to issue Depositary Receipts. In addition, Depositary Receipts may also be purchased in the secondary trading market. Level I ADRs may trade freely just like any other security in the over-the-counter (OTC) market. More information on ADRs is available at www.adrbny.com (opens in a new window).

About OTCQX

OTCQX provides a gateway to securities markets for international companies that are listed on a qualified non-U.S. exchange and provide ongoing disclosure in English to U.S. investors. More importantly, OTCQX distinguishes the reputable international issuers from the 9,000 over-the-counter (OTC) securities traded in the United States. OTCQX quotation is not a stock exchange listing, and issuers are not subject to regulatory requirements such as Sarbanes Oxley compliance or U.S.-GAAP reporting. For more information about OTCQX, visit www.otcqx.com (opens in a new window).