American Depository Receipt definition

American Depository Receipt means a security which accords a right to the holder of the security to own certain quantity of securities of an issuer listed on the Stock Exchange and the same is traded on a stock market in the jurisdiction of the United States of America.

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American Depository Receipt and "ADR" shall mean the American Depository Receipts in the Company each representing one "A" Ordinary Share in the capital of the Company traded on NASDAQ being the only shares of the Company that trade on NASDAQ;

American Depository Receipt. (“ADR”) means a security that trades in the United States but represents a specified number of shares in a foreign corporation. ADRs are bought and sold on American markets just like regular stocks, and are issued/sponsored in the U.S. by a bank or brokerage.

Examples of American Depository Receipt in a sentence

The Company shall take reasonable commercial efforts to either (i) implement a Level 2 or Level 3 American Depository Receipt (“ADR”) program (the “ADR Program”) including the listing of American Depositary Shares representing Ordinary Shares of the Company on the Nasdaq Capital Market or (ii) to list the Company’s Ordinary Shares for trading on the Nasdaq Capital Market (each of these two, individually: the “Nasdaq Listing”), in each case, as soon as practicable.
The Shares covered by this notice may not be deposited in any unrestricted American Depository Receipt Program relating to the Shares.
This charge will only be applied to long positions open on the record date for the particular underlying American Depository Receipt or Global Depository Receipt.
If you have opened a Buy in relation to an Instrument that is an American Depository Receipt or a Global Depository Receipt, we reserve the right to pass on to you any annual depository service charges, or part thereof, incurred by us when hedging our exposure to you in relation to that Transaction.
The Shares covered by this notice many not be deposited in any unrestricted American Depository Receipt Program relating to the Shares.
Each ADS (as evidenced by an American Depository Receipt) represents one Ordinary Share.
The agreement values each WM International American Depository Receipt ("ADR"), each representing two WM International ordinary shares, at approximately $11.50 based on the exchange rate at the time of the announcement.
The Company hereby agrees to take all reasonable action which shall at any time be deemed necessary in order to enable the Depositary to vote or cause to be voted the amount of Stock or other Deposited Securities represented by every American Depository Receipt or European Depositary Receipt, the record holder or the holder of which, respectively, shall have properly instructed the Depositary as aforesaid, in accordance with such instructions.
Dividends on American Depository Receipt (ADR) securities will be posted to Accounts with a Posting Date on or prior to the next Business Day following the Payable Date.
The Company shall make its best commercial efforts to implement a Level 2 American Depository Receipt (“ADR”) program (the “ADR Program”) including the listing of American Depositary Shares representing Ordinary Shares of the Company on The NASDAQ Capital Market or The New York Stock Exchange (NYSE) (the “US Exchange Listing”) as soon as practicable and in any case within two hundred and forty (240) days after the Closing.

More Definitions of American Depository Receipt

American Depository Receipt means a type of security that represents a specific number of shares of Stock on deposit with a custodian bank. American Depository Receipts are traded on the United States NASDAQ stock exchange.

American Depository Receipt. (ADR) means a security issued by a bank or a depository in United States of America (USA) against underlying rupee shares of a company incorporated in India;