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Sponsored ADR

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Sponsored ADR
An American Depositary Receipt issued with the knowledge and cooperation of the company whose stock backs it. Unlike other ADRs, which simply give themonetary benefits of ownership, sponsored ADRs are treated just like common stock, complete with voting rights, only denominated in the U.S. dollar. In order for an ADR to trade on the New York Stock Exchange, it must be sponsored. See also: International depositary receipt.


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Akbar Poonawala, Head of Global Equity Services at Deutsche Bank said, "We are delighted to be appointed depositary bank for Sanlam's sponsored ADR program.
We believe that the decision to launch a sponsored ADR program will add value both to our existing and potential shareholders, by providing greater access to the Company and its opportunities to all investors based in the U.
Akbar Poonawala, Head of Global Equity Services at Deutsche Bank said, "We are delighted to be appointed as depositary bank for NWS Holdings' sponsored ADR program, to enable US investors to invest in NWS Holdings.
 
 
 
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