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.

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