Sponsored ADR

(redirected from Sponsored American Depository Receipt)

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 ?
Sydney, Australia, Oct 31, 2011 - (ABN Newswire) - Global Nickel Investments NL (ASX:GNI) is pleased to announce the establishment of a Sponsored American Depository Receipt ("ADR") Program.
Sydney, Australia, July 28, 2011 - (ABN Newswire) - South Boulder Mines Limited (ASX:STB) (OTC:SBMSY) is pleased to announce the establishment of a Sponsored American Depository Receipt (ADR) Program.
has introduced a sponsored American Depository Receipt (ADR) program in the United States.
The company established a sponsored American Depository Receipt program with the Bank of New York in February 1993.
In the United States, Ciba-Geigy Limited shares trade through a sponsored American Depository Receipt (ADR) facility with Morgan Guaranty Trust Company.
8, 1996--Citibank is pleased to announce that it has established a Sponsored American Depository Receipt (ADR) program for Hongkong Electric Holdings Limited, one of the two electricity companies in Hong Kong.
11, 1995--Unionamerica Holdings plc, a specialty casualty and property reinsurer operating in the London-based reinsurance and insurance market, has established a sponsored American Depository Receipt (ADR) program.
The world's third largest automotive manufacturer's shares will trade under the symbol, "TM," as sponsored American Depository Receipts (ADRs.
NEW YORK -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased sponsored American Depository Receipts ("ADRs") of Barclays PLC ("Barclays" or the "Company") (NYSE: BCS) between July 10, 2007 and June 27, 2012.
Its shares are also traded on the New York Stock Exchange in the form of sponsored American Depository Receipts (ADRs).