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Global Depository Receipt |
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Global Depository Receipt A receipt denoting ownership of foreign-based corporation stock shares which are traded in numerous capital markets around the world. Global Depository Receipt A certificate issued by a bank representing one or more shares of a stock the bank holds in trust but that is traded on a foreign stock exchange. The GDR is denominated in the local currency, and entitles the bearer to any dividends and other benefits associated with the shares. GDRs can be traded like any other security. Using GDRs shields the investor from foreign exchange risk and any applicable tariffs he/she would have had to pay if he/she had bought the stock outright. It also exempts the investor from any requirements the foreign exchange might have levied. It is more commonly known as an international depository receipt (IDR). See also: American Depository Receipt. 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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By that time, Pentamedia had moved on several occasions to change terms of the deal after the company's stock dropped and the cancellation of a $35 million offering of Global Depository Receipts. 1 Information presented here and elsewhere about the quantity of shares of the company belonging to shareholders is calculated by taking into account the ownership by shareholders of both common shares and global depository receipts (GDRs). The Company's shares are listed on the Russian Trading System (RTS) and as Global Depository Receipts (GDR) on the London Stock Exchange (LSE) under the 'NVTK' ticker symbol and on the NASDAQ PORTAL System as Rule 144A Depository Receipts under the ticker symbol "NVATY". |
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