Sponsored ADR

(redirected from Sponsored American Depository Receipts)

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 ?
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.
12 /PRNewswire/ -- Danka Business Systems PLC (Danka) (NASDAQ-NMS: DANKY) the second largest independent distributor of automated office equipment in the United States, today announced that it will change the ratio of its sponsored American Depository Receipts, (ADR's) traded on NASDAQ under the symbol DANKY from four ordinary shares for each ADR to two ordinary shares for each ADR.