Common use of American Depositary Receipts Clause in Contracts

American Depositary Receipts. The Company's American Depositary Shares ("ADSs") trade on the Nasdaq SmallCap Market under the symbol FMDAY. Each ADS represents the right to receive one Ordinary Share of the Company. ADSs are evidenced by American Depositary Receipts ("ADRs"). ADSs evidenced by ADRs are issued by the Bank of New York as Depositary (the "Depositary") of the Company's ADR facility in accordance with the terms of a deposit agreement between the Company and the Depositary. The Company shall amend the deposit agreement with the Depositary to include the Shares as ADSs and/or to take all reasonably necessary action to deliver to the undersigned ADRs evidencing such ADSs. The Company shall bear all costs and expenses in connection with the issuance of ADRs to the undersigned in connection with its investment in the Shares.

Appears in 3 contracts

Samples: Subscription Agreement (Futuremedia PLC), Subscription Agreement (Futuremedia PLC), Subscription Agreement (Futuremedia PLC)

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American Depositary Receipts. The Company's American Depositary Shares ("ADSs") trade on the Nasdaq SmallCap Market under the symbol FMDAY. Each ADS represents the right to receive one Ordinary Share of the Company. ADSs are evidenced by American Depositary Receipts ("ADRs"). ADSs evidenced by ADRs are issued by the Bank of New York as Depositary (the "Depositary") of the Company's ADR facility in accordance with the terms of a deposit agreement between the Company and the Depositary. The To the extent necessary, the Company shall amend the deposit agreement with the Depositary to include the Shares as ADSs and/or to take all reasonably necessary action to deliver to the undersigned purchaser ADRs evidencing such ADSs. The Company shall bear all costs and expenses in connection with the issuance of ADRs to the undersigned in connection with its investment in the Sharesundersigned.

Appears in 2 contracts

Samples: Securities Subscription Agreement (Futuremedia PLC), Securities Subscription Agreement (Futuremedia PLC)

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