American Depository Share

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American Depository Share

A certificate issued by an American bank representing a share of a foreign stock the bank holds in trust but that is traded on an American stock exchange. An American depository share is dollar-denominated and entitles the bearer to any dividends and other benefits associated with the single share underlying it. In other words, an American depository share is a single share of an American depository receipt.
References in periodicals archive ?
55 of a Pan American share in respect of each of their Minefinders shares.
In conjunction, the former Minefinders shareholders who elected the Pan American share option received 0.
47% of the Andean American shares voted at Andean American s annual and special shareholders meeting held earlier today were voted in favour of the special resolution approving the Arrangement.
Trading of Andean American shares is expected to be halted, in advance of closing, after market close on September 25, 2012.
the exchange agent for the transaction, will mail a Letter of Transmittal to each registered shareholder who held Andean American shares immediately prior to completion of the Arrangement.

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