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;
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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.
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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.
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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;
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Related to American Depository Receipt

  • American Depositary Receipt(s) “ADR(s)” and “Receipt(s)” shall mean the certificate(s) issued by the Depositary to evidence the American Depositary Shares issued under the terms of the Deposit Agreement in the form of Certificated ADS(s) (as hereinafter defined), as such ADRs may be amended from time to time in accordance with the provisions of the Deposit Agreement. An ADR may evidence any number of ADSs and may, in the case of ADSs held through a central depository such as DTC, be in the form of a “Balance Certificate.”

  • Depositary Receipt (“DR”) means a Depositary Receipt which is listed or traded on the London Stock Exchange International Order Book (“IOB”) and which corresponds to a share, shares or to a percentage of a share of the company in question that is publicly traded;

  • Foreign Depository means (a) Euroclear, (b) Clearstream Banking, societe anonyme, (c) each Eligible Securities Depository as defined in Rule 17f-7 under the Investment Company Act of 1940, as amended, identified to the Fund from time to time, and (d) the respective successors and nominees of the foregoing.

  • Securities Depository Nominee means, as to any Securities Depository, such Securities Depository or the nominee of such Securities Depository in whose name there shall be registered on the registration books maintained by the Registrar the Bond certificates to be delivered to and immobilized at such Securities Depository during the continuation with such Securities Depository of participation in its book-entry system.

  • American Depositary Shares means the securities created under this Deposit Agreement representing rights with respect to the Deposited Securities. American Depositary Shares may be certificated securities evidenced by Receipts or uncertificated securities. The form of Receipt annexed as Exhibit A to this Deposit Agreement shall be the prospectus required under the Securities Act of 1933 for sales of both certificated and uncertificated American Depositary Shares. Except for those provisions of this Deposit Agreement that refer specifically to Receipts, all the provisions of this Deposit Agreement shall apply to both certificated and uncertificated American Depositary Shares. Each American Depositary Share shall represent the number of Shares specified in Exhibit A to this Deposit Agreement, except that, if there is a distribution upon Deposited Securities covered by Section 4.3, a change in Deposited Securities covered by Section 4.8 with respect to which additional American Depositary Shares are not delivered or a sale of Deposited Securities under Section 3.2 or 4.8, each American Depositary Share shall thereafter represent the amount of Shares or other Deposited Securities that are then on deposit per American Depositary Share after giving effect to that distribution, change or sale.