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ADR Ratio |
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American Depository Receipt Ratio The number of foreign shares represented by a single American Depository Receipt (ADR). An ADR is a certificate issued by a bank representing a certain number of shares of a stock the bank holds in trust, but that are traded on a foreign stock exchange and denominated in U.S. dollars. The number of shares represented by a single ADR is at the discretion of the bank issuing the ADR. The ADR ratio can have an effect on the price of the ADR.
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The change in ADR ratio will be useful in increasing NYSE volumes, creating a more liquid market for our shares in the US, while quarterly reporting will make it easier for investors to benchmark our performance versus our global peer group, the majority of which are based in the US. The Company obtained approval to implement a 1 for 10 ADR ratio change at the Ordinary Shareholders Meeting held on April 21, 2003 and intends to implement the ratio change during the second quarter of 2003. 3, 2003 Silverline Technologies (NYSE - SLT; BSE - SLVR) Strategic focus on Business Process Outsourcing Proposed ADR ratio change Silverline Technologies (the "Company") (NYSE - SLT; BSE - SLVR), an international software development and integration services firm, today announced financial results for its fiscal year, ended March 31, 2002. |
ADR Ratio |
ADPU ADPUC ADPV ADQ ADQE ADQI ADQIP ADQL ADQMG ADQPP ADQR ADQSR adquirere Adquisicion Adquisicion de defensa Adquisicion furtive ADQW Adr Adr Adr Adr Adr ADR by Statute and Regulation ADR Control and Housekeeping Electronics ADR Control Electronics ADR Fee ADR Fees ADR Index ADR Ratio ADR RatiosADR studio ADR System ADR+ Adra ADRAC Adrad ADRAF ADRAG Adragant ADRAM Adramalech Adramelech Adrammelech Adrammelech and Anammelech Adramyttium Adran Addysg Cynulliad Cenedlaethol Cymru Adran Amaethyddiaeth Cynulliad Cenedlaethol Cymru Adrano ADRAO Adrar des Iforas ADRAS Adrasman Adrastea Adrastea | ||||||||
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