American Depository Share


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American Depository Share

A certificate issued by an American bank representing a share of a foreign stock the bank holds in trust but that is traded on an American stock exchange. An American depository share is dollar-denominated and entitles the bearer to any dividends and other benefits associated with the single share underlying it. In other words, an American depository share is a single share of an American depository receipt.
References in periodicals archive ?
Finland's Eimo Corporation has said that it intends to delist its American Depository Shares from the Nasdaq (the US National Market System) on 30 August.
LDK Solar Co Ltd (NYSE:LDK), a vertically integrated manufacturer of photovoltaic products, announced on Monday the approval by its board of directors a share buyback programme that authorises LDK Solar to repurchase up to USD110m of its American Depository Shares (ADSs) in the open market or through privately negotiated transactions.
DALLAS -- Shareholders who have suffered a loss in Toyota Motor Corporation (NYSE:TM) American Depository Shares are encouraged to contact Kendall Law Group regarding a class action filed in the Central District of California.
DALLAS -- Shareholders who suffered losses in Nokia Corporation (NYSE:NOK) American Depository Shares are encouraged to contact Kendall Law Group regarding a class action filed in the Southern District of New York.
5 million private placement of 2,354,000 of its American Depository Shares (ADSs) at a price of $20.
6 million of Convertible Notes elected to convert their Convertible Notes, on or before the close of business on December 13, 2006, into American Depository Shares ("ADSs") or ordinary shares of Elan at a conversion rate of 134.
The proxy statement, which outlines the Committee's grievances against the Company and presents detailed information to support the Committee's allegations of mismanagement and self-dealing at Gravity, is expected to be mailed to the holders of American Depository Shares ("ADSs") of Gravity on or shortly after November 24, 2006.

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