sponsored American Depositary Receipt

An American Depositary Receipt in which the company whose shares are held in custody has direct involvement in issuance of the ADRs. The foreign company registers the receipts with the Securities and Exchange Commission and chooses a single depositary bank. Holders of sponsored ADRs have all the rights of common stockholders, including the right to receive reports, the right to vote, and the right to receive dividends. Compare unsponsored American Depositary Receipt.

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References in periodicals archive ?

has been appointed by PJSC "LUKOIL", one of the world's largest oil and gas companies, as the successor depositary bank for its sponsored American Depositary Receipt (ADR) programs, the company said.

Citi named successor depositary bank for PJSC LUKOIL's ADR programs

BNY Mellon, (NYSE: BK) a company involved in investment management and investment services, has been appointed by Anglo American plc as depositary bank for its sponsored American depositary receipt (ADR) programme, replacing a previously unsponsored facility.

BNY Mellon hired by Anglo American for depositary receipt programme

NSSMC plans to establish a sponsored American Depositary Receipt (ADR) program in the United States with JPMorgan Chase Bank, N.

Japan,United States : Announcement Regarding Establishment of Sponsored ADR Program

Saltillo, Mexico, has launched a sponsored American depositary receipt (ADR) facility traded on the OTC market, according to Business Wire.

Mexican Foundry Group Launches ADR

BNY Mellon (NYSE: BK) has been appointed by BMW Group as depositary bank for its sponsored American depositary receipt (ADR) program, replacing previously unsponsored facilities, the company said.

BNY Mellon's sponsored depositary receipt program selected by Germany's BMW Group

NEW YORK -- The Bank of New York, a global leader in securities servicing, has been selected by Japan Airlines Corporation (JAL) as depositary for its sponsored American depositary receipt (ADR) program.

The Bank of New York Appointed as Depositary by Japan Airlines Corporation for Its Sponsored ADR Program

Citibank NA disclosed on Wednesday that Citi's Issuer Services business, acting through the bank, was named the successor depositary bank by Vale SA, for its sponsored American Depositary Receipt (ADR) programmes.

Citi names successor depositary bank for Vale SA's sponsored ADR programmes

BNY Mellon, a global leader in investment management and investment services, said it has been appointed by Anglo American plc as depositary bank for its sponsored American depositary receipt (ADR) program, replacing a previously unsponsored facility.

Anglo American selects BNY Mellon for sponsored depositary receipt program

We are delighted to be appointed depositary bank for Sanlam's sponsored American depositary receipt (ADR) programme.

Sanlam appoints Deutsche Bank as depositary bank

JPMorgan announced the launch of the Semiconductor Manufacturing International Corporation (SMIC) (NYSE: SMI) sponsored American Depositary Receipt (ADR) program, in conjunction with the company's global initial public offering.

JPMorgan Launches SMIC ADR Program

The US bank was appointed depositary for Valid's Level I Sponsored American Depositary Receipt (ADR) programme.

-Citi picked depositary bank by Valid

JPMorgan announced the launch of the Kao Corporation (OTC: KCRPY) sponsored American Depositary Receipt (ADR) program.