These changes to the
ADR ratio will bring the ADR price broadly in line with the market average.
The change in
ADR ratio will be useful in increasing NYSE volumes, creating a more liquid market for our shares in the US, while quarterly reporting will make it easier for investors to benchmark our performance versus our global peer group, the majority of which are based in the US.
Yesterday, MTS (MBT - Buy) announced it will change its
ADR ratio from five common shares per ADR currently to two common shares per ADR.
Unsponsored BHP Billiton Plc ADRs (OTC: BHPBY; CUSIP 05545E 10 0), which carry an
ADR ratio of 1:1, will be converted to sponsored ADRs.
On July 10, 2000 the Company changed its
ADR ratio to one ADR representing twenty-five Ordinary Shares and the loss per ADR for each period has been calculated using this ratio; previously each ADR represented five Ordinary Shares.
Advantest's
ADR ratio is four Advantest ADRs equal to one common share traded on the Tokyo Stock Exchange.
The
ADR ratio is 2 American Depositary Shares (ADSs) to 1 ordinary share.
On July 10, 2000 the Company changed its
ADR ratio to one ADR representing twenty five Ordinary Shares and the loss per ADR for each period has been calculated using this ratio; previously each ADR represented five Ordinary Shares.
4 cents last year, these net losses are calculated using the new
ADR ratio which was effective from July 10, 2000.
89 ADR offering value: $319,545,534
ADR ratio 1 common share: 200 ADRs Exchange: New York Stock Exchange Symbol: NTT CUSIP: 654624105 Share class: Common shares Par value: 50,000 Yen Country of incorporation: Japan Industry: Telecommunications Custodian: The Bank of Tokyo - Mitsubishi Limited, Tokyo Depositary: Morgan Guaranty Trust Company of New York
Canon's
ADR ratio remains unchanged with one Canon ADR equal to one common share traded on the Tokyo Stock Exchange.
Huntingdon Life Sciences Group plc ("Huntingdon") (NYSE:HTD) announced today that it will change its
ADR ratio, effective July 10, 2000.
