Sponsored ADR

(redirected from Sponsored ADRs)

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 the monetary 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.
References in periodicals archive ?
BNY Mellon now serves as depositary bank for over half of all sponsored ADRs for U.
On 28 September 2015, the Company was notified that the Cummings Family Trust, a trust in which Kevin Cummings, a PDMR of the Company, is a beneficiary acquired GKN plc sponsored ADRs.
Level 1 depositary receipts are the first level of sponsored ADRs that can be issued and may only be traded on the OTC market.
If you purchased the sponsored ADRs of Barclays between July 10, 2007 and June 27, 2012 and wish to discuss the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions.
Level I depositary receipts are the first level of sponsored ADRs that can be issued and may only be traded on the OTC market.
Gameloft Level 1 sponsored ADRs (code: GLOFY) will be listed by mutual agreement in the United States.
For each one (1) unsponsored Kirin ADR surrendered, holders will be entitled to receive ten (10) new sponsored ADRs.
When added to existing sponsored ADRs, the new unsponsored programs enable investors to better replicate many of the world's leading foreign equity indices in U.
Unsponsored ADRs are issued by one or more depositary banks in response to market demand but without a formal agreement, while sponsored ADRs are issued by a single depositary bank appointed by a single issuer.
Subjects covered in this inaugural edition include: - The original application procedure - Listing a US corporation - Listing debt securities - Listing sponsored ADRs - Registration with the SEC - Adopting US GAAP and - Using a Bermuda company to obtain an NYSE listing.
Subjects covered in this inaugural edition include: -- The original application procedure -- Listing a US corporation -- Listing debt securities -- Listing sponsored ADRs -- Registration with the SEC -- Adopting US GAAP and -- Using a Bermuda company to obtain an NYSE listing.
The exchange of the previously unsponsored ADRs will run parallel to the commencement of trading with sponsored ADRs.