sponsored American Depositary Receipt

Sponsored ADR

An American Depositary Receipt issued with the knowledge and cooperation of the company whose stock backs it. Unlike other ADRs, which simply give the monetary benefits of ownership, sponsored ADRs are treated just like common stock, complete with voting rights, only denominated in the U.S. dollar. In order for an ADR to trade on the New York Stock Exchange, it must be sponsored. See also: International depositary receipt.

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.
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.
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.
NSSMC plans to establish a sponsored American Depositary Receipt (ADR) program in the United States with JPMorgan Chase Bank, N.
Saltillo, Mexico, has launched a sponsored American depositary receipt (ADR) facility traded on the OTC market, according to Business Wire.
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.
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.
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.
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.
We are delighted to be appointed depositary bank for Sanlam's sponsored American depositary receipt (ADR) programme.
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.
The US bank was appointed depositary for Valid's Level I Sponsored American Depositary Receipt (ADR) programme.
JPMorgan announced the launch of the Kao Corporation (OTC: KCRPY) sponsored American Depositary Receipt (ADR) program.