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ADR Ratio |
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ADR 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, 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Crosswave changed its ADR ratio exchange from one ordinary share per two hundred ADRs to one ordinary share per twenty ADRs on February 18, 2003. 28, 2003, that an ADR ratio exchange is scheduled for February 18, 2003. Unsponsored BHP Billiton Plc ADRs (OTC: BHPBY; CUSIP 05545E 10 0), which carry an ADR ratio of 1:1, will be converted to sponsored ADRs. |
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