{"url_path":"/sec/rdhl/10-k/2026/item-12","section_key":"item-12","section_title":"Item 12 DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-04-27","source_url":"https://www.sec.gov/Archives/edgar/data/1553846/0001104659-26-049055-index.html","accession_number":"0001104659-26-049055","cik":"0001553846","ticker":"RDHL","issuer_name":"RedHill Biopharma Ltd.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1553846/0001104659-26-049055-index.html","primary_entity_key":"0001553846","primary_entity_name":"RedHill Biopharma Ltd."},"word_count":589,"has_tables":true,"body_markdown":"**ITEM 12.          DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES**\n\n**A.          Debt Securities**\n\nNot applicable.\n\n**B.         Warrants and Rights**\n\nNot applicable.\n\n160\n\n[Table of Contents](#TOC)\n\n**C.         Other Securities**\n\nNot applicable.\n\n**D.         American Depositary Shares**\n\nEach of the American Depositary Shares, or ADSs, represents 10,000 Ordinary Shares. The ADSs trade on the Nasdaq Capital Market under the symbol “RDHL”.\n\nThe form of the deposit agreement for the ADSs and the form of American Depositary Receipt that represents an ADS have been incorporated by reference as exhibits to this Annual Report. Copies of the deposit agreement are available for inspection at the principal office of The Bank of New York Mellon, located at 240 Greenwich Street, New York, New York 10286.\n\nFees and Expenses\n\n​\n\nPersons depositing or withdrawing shares or\nAmerican Depositary Shareholders must pay**:**\n\n \n\nFor**:**\n\n$5.00 (or less) per 100 American Depositary Shares (or portion of 100 American Depositary Shares)\n\n​\n\n●\n\nIssuance of American Depositary Shares, including issuances resulting from a distribution of shares or rights or other property\n\n​\n\n●\n\nCancellation of American Depositary Shares for the purpose of withdrawal, including if the deposit agreement terminates\n\n$0.05 (or less) per American Depositary Share\n\n​\n\n●\n\nAny cash distribution to American Depositary Shareholders\n\nA fee equivalent to the fee that would be payable if securities distributed to you had been shares and the shares had been deposited for issuance of American Depositary Shares\n\n​\n\n●\n\nDistribution of securities distributed to holders of deposited securities which are distributed by the depositary to American Depositary Shareholders\n\n$0.05 (or less) per American Depositary Shares per calendar year\n\n​\n\n●\n\nDepositary services\n\nRegistration or transfer fees\n\n​\n\n●\n\nTransfer and registration of shares on our share register to or from the name of the depositary or its agent when you deposit or withdraw shares\n\nExpenses of the depositary\n\n​\n\n●\n\nCable, telex and facsimile transmissions (when expressly provided in the deposit agreement)\n\n​\n\n●\n\nConverting foreign currency to U.S. dollars\n\nTaxes and other governmental charges the depositary or the custodian have to pay on any American Depositary Share or share underlying an American Depositary Share, for example, stock transfer taxes, stamp duty or withholding taxes\n\n​\n\n●\n\nAs necessary\n\nAny charges incurred by the depositary or its agents for servicing the deposited securities\n\n​\n\n●\n\nAs necessary\n\n​\n\nThe depositary collects its fees for delivery and surrender of American Depositary Shares directly from investors depositing shares or surrendering American Depositary Shares for the purpose of withdrawal or from intermediaries acting for them. The depositary collects fees for making distributions to investors by deducting those fees from the amounts distributed or by selling a portion of the distributable property to pay the fees. The depositary may collect its annual fee for depositary services by deduction from cash distributions or by directly billing investors or by charging the book-entry system accounts of participants acting for them. The depositary may generally refuse to provide fee-attracting services until its fees for those services are paid.\n\n161\n\n[Table of Contents](#TOC)\n\nFrom time to time, the depositary may make payments to us to reimburse us or share its revenue with us from the fees collected from American Depositary Shareholders or waive fees and expenses for services provided, generally relating to costs and expenses arising out of establishment and maintenance of the American Depositary Share program. In performing its duties under the deposit agreement, the depositary may use brokers, dealers or other service providers that are affiliates of the depositary and that may earn or share fees or commissions.\n\n​"}