Investor Relations

American Depository Receipt Program

Cleanaway Waste Management Limited (formerly Transpacific Industries Group Limited) maintains a sponsored Level 1 American Depositary Receipt (ADR) program with Deutsche Bank Trust Company Americas (Deutsche Bank).


ADR details:

Ticker: TPAAY

Structure: Level 1 ADR
Exchange: OTC
Ratio (ADR:ORD): 1 : 20
DR ISIN: US89386D1081
CUSIP: 89386D 108


Contact details for ADR investors and brokers:

Deutsche Bank ADR broker services desks

New York:  +1 212 250 9100
London:  +44 207 547 6500


Contact details for registered ADR holders:

Deutsche Bank Shareholder Services

American Stock Transfer & Trust Company
Operations Center
6201 15th Avenue
Brooklyn NY 11219


Toll-free number:  +1 866 706 0509
Direct Dial:  +1 718 921 8124
Cleanaway Waste Management Limited’s ADR program is sponsored by Deutsche Bank. As the depositary bank, Deutsche Bank performs the following roles:


  • Issues and cancels Cleanaway Waste Management Limited ADRs
  • Records and maintains the register of ADR holders
  • Is the stock transfer agent
  • Distributes dividends in US dollars (if applicable)
  • Facilitates the proxy voting process and exercises the voting rights on behalf of ADR holders (if applicable)
  • Distributes company circulars and Annual General Meeting documentation (if applicable)



For those holders which are not registered because their shares are held through a ‘street name’ (or nominee account), your nominee will receive company documents from time to time from Deutsche Bank to distribute to you.  You need to make arrangements with your nominee if you wish to receive such documents and to be able to exercise your vote through the depositary bank at general meetings (if applicable).



The following information does not contain all information that may be important to you. For more complete information, we highly recommend that you read the entire deposit agreement and the form of American Depositary Receipt, which contains the American Depositary Shares terms.


What is an American Depositary Receipt (ADR)?

An ADR is a negotiable US dollar denominated certificate representing ownership of share(s) in a non-US company.  Cleanaway Waste Management Limited ADRs represent Cleanaway Waste Management Limited ordinary shares deposited with the depositary bank, to underlie such certificates 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 (if applicable). The term ADR and ADS are often used interchangeably. ADRs were specifically designed to facilitate the purchase, holding and sale of non-US securities by US investors.


What is an ADR ratio?

The ADR ratio defines the numeric relationship between the number of ADRs and the number of ordinary shares. Every 20 ordinary Cleanaway Waste Management shares represent 1 Cleanaway Waste Management Limited ADR.

What are the benefits of ADRs to US investors?

US investors may prefer to purchase ADRs rather than ordinary shares in Cleanaway Waste Management Limited’s home market because ADRs trade, clear and settle according to US market conventions.  ADRs allow chiefly US investors to diversify into non-US securities, relatively easily.


Why did you establish an ADR program?

Cleanaway Waste Management Limited established the ADR program to make it easier for US investors to invest in Cleanaway Waste Management Limited.  ADRs are easier for US investors for various reasons including that administrative costs are reduced and capital gains are realised in US dollars.


What effect do you expect the ADR program to have on your shareholder base?

We hope that the ADR program encourages US investors to increase their exposure to Cleanaway Waste Management Limited, as it will now be easier for them to do so.


What types of companies issue ADRs?

ADR issuers are typically large corporations with primary listings outside of the US. Any non-US company seeking to raise capital in the US or increase their base of US investor can also issue ADRs.


Is it easy to get information and updates on Cleanaway Waste Management Limited?

Information about Cleanaway Waste Management Limited is widely available on Cleanaway Waste Management Limited’s website: (CHECK)


Where are Cleanaway Waste Management Limited ADRs traded?

Cleanaway Waste Management Limited ADRs are traded over-the-counter (OTC) on the electronic market operated by OTCMarkets.  For more information, visit


What is the OTCMarkets?

The OTCMarkets is a decentralised market for securities that are not listed on a stock exchange. Trading on OTCMarkets occurs via a network of dealers who carry inventories of securities to facilitate the buy and sell orders of investors.


Who is Cleanaway Waste Management Limited’s depositary for ADRs?

Deutsche Bank Trust Company Americas is the depositary bank for Cleanaway Waste Management ADR program.  The depositary bank plays a key role in issuance as well as cancellation of ADRs. It also maintains the ADR holder register, distributes the dividends in US dollars (if applicable) and facilitates the exercise by the ADRs holders of their voting rights (if applicable).


What currency are Cleanaway Waste Management Limited ADRs denominated in?

Cleanaway Waste Management Limited ADRs are denominated in US dollars.


What is the difference between a registered ADR holder and a beneficial ADR holder?

A registered holder is the party whose name appears on the books of the depositary bank. The registered holder is considered the owner of record. A beneficial holder is the ultimate owner of the security, whose holdings are registered in a name other than their own, such as in the name of a broker, bank or nominee.


How do I convert my ordinary shares into ADRs?

Converting ordinary shares into ADRs must be done through a broker investment advisor or for registered holders through Deutsche Bank Trust Company Americas. You can contact Deutsche Bank broker services desk on +1 212 250 9100 or +44 207 547 6500


How may I check how many ADRs I hold?

If you do not hold via a broker, bank or nominee, please contact our transfer agent:

Deutsche Bank Shareholder Services

American Stock Transfer & Trust Company
6201 15th Avenue
Brooklyn, NY 11219


Toll-free number: +1 866 706-0509
Direct Dial: +1 718 921 8124


How may I find out corporate action information on Cleanaway Waste Management Limited?


For corporate action information, please visit:
Search for Cleanaway Waste Management Limited and then select Corporate Actions tab.
Alternatively you may contact Deutsche Bank Trust Company Americas Shareholder Services on toll-free number +1 866 706 0509 or direct dial +1 718 921 8137.