Depositary


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Related to Depositary: Depositary bank, Depositary receipt

Depositary

An agent appointed for a Tender or Exchange Offer who accepts certificates from shareholders, processes them and assures that the appropriate cash or new securities are properly remitted to the tendering party.

Depositary

1. A person entrusted with something of value, especially an agent in an exchange offer. The depositary in this sense acts as a go-between for the persons or firms making a transaction, ensuring that all securities and/or cash are given to the appropriate recipients.

2. A person or firm who keeps assets or securities on behalf of a client; for example, a bank. See also: Depository.
References in periodicals archive ?
The Depositary Receipt continues to be the vehicle of choice for issuers to efficiently access global capital markets and for investors to gain global equity exposure," said Claudine Cardillo-Rivot, global head of JPMorgan's Depositary Receipts business.
The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the "Act").
JPMorgan is the leading depositary bank in Latin America, maintaining more than 65% of the Brazilian ADR market as measured by ADRs held by institutional investors (based on most recent Form 13F filings with the SEC).
The Bank of New York is depositary for more than 1,230 American and global depositary receipt programs, a 64% market share, acting in partnership with leading companies from 60 countries.
Written notice of the specific terms for the final mandatory redemption, along with a transmittal form, will be mailed to registered holders of the depositary shares by Mellon Investor Services LLC (Mellon), the redemption agent, on or about June 15, 2006.
Depositary Receipts: Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank, State or Federal Agency Guarantee.
As a result of the amendment and termination of the Deposit Agreement described above, holders of ADSs of the Company have until July 28, 2006 to surrender their American depositary receipts in order to withdraw the underlying ordinary shares and remain shareholders of the Company.
LONDON -- Deutsche Bank (NYSE:DB) (GER:DBK) (LSE:DBK) announces its appointment as depositary bank for the NASDAQ listed American Depositary Receipt (ADR) program of Himax Technologies, Inc.
LONDON -- Deutsche Bank (NYSE:DB)(LSE:DBK)(GER:DBK) today announced its appointment as successor depositary bank for the New York Stock Exchange-listed American Depositary Receipt (ADR) program of Luxottica Group S.
NEW YORK -- The Bank of New York, a global leader in securities servicing, has been selected by Man Industries (India) Limited as depositary bank for its global depositary receipt (GDR) program.
announced today that it has extended the offer period of its tender offer to purchase any and all of the outstanding American depositary shares, each representing one ordinary share, par value EUR 0.