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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT For the transition period from ___ to ___ Commission File Number: 00137621FIRST GUARANTY BANCSHARES, INC. (Exact name of registrant as specified in its charter) Louisiana (State or other jurisdiction
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01
Obtain the official depository share agreement from the issuing company or depository.
02
Read through the agreement carefully to understand the terms and conditions of the depository shares.
03
Gather all required documents such as identification, proof of ownership, and any other necessary paperwork.
04
Complete the application form provided by the depository, ensuring all information is accurate and up-to-date.
05
Submit the application form along with required documents to the depository or designated agent.
06
Wait for confirmation and any further instructions from the depository regarding the issuance of shares.
07
Maintain communication with the depository for any updates or additional information required.

Who needs depository shares each representing?

01
Investors looking to participate in foreign investments without direct ownership of shares.
02
Companies seeking to raise capital in international markets while simplifying administrative processes.
03
Individuals or institutions who prefer a more liquid investment option that allows for easy transfer and sale of shares.
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Depository shares are units that represent a specific number of shares in a foreign company, held by a depositary bank. Each depository share corresponds to a certain number of the underlying shares, providing investors with an easier way to hold foreign stocks.
Companies that issue depository shares to represent foreign stocks are required to file related documents with regulatory authorities, such as the SEC in the United States. This also includes the depositary bank that manages the shares.
To fill out depository shares documentation, one must include details such as the number of underlying shares represented, the name of the foreign company, the terms of the depository receipt, and the rights attached to the shares. It's essential to follow specific regulatory forms and guidelines.
The purpose of depository shares is to facilitate investment in foreign companies by allowing investors to hold shares in a more accessible and regulated format. It simplifies the trading process and provides a way to receive dividends and exercise voting rights.
Information that must be reported includes the number of underlying foreign shares, the rights and privileges associated with the depository shares, any dividends declared, and any material changes or events affecting the underlying company or shares.
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