American Depository Receipt


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Related to American Depository Receipt: American Depositary Receipt Fees, Global Depository Receipt

American Depository Receipt

n. called in the banking trade an ADR, it is a receipt issued by American banks to Americans as a substitute for actual ownership of shares of foreign stocks. ADRs are traded on American stock exchanges and over-the-counter easily without the necessity of trading the foreign shares themselves.

References in periodicals archive ?
Orascom Construction Industries (OCI), Egypt's biggest listed firm, said on Tuesday it has launched an American Depository Receipt (ADR) program to meet growing demand in the United States.
Royalty Pharma set the price of the offer at USD11.25 (EUR8.63) per share and American depository receipt (ADR), based on the USD11.25 strike price of a USD1bn buyback by the target.
19 April 2013 - US investor RP Management LLC, or Royalty Pharma, said that it had set the price of its tender offer for Irish biotechnology company Elan Corporation plc (NYSE:ELN) at USD11.25 (EUR8.61) per share and American depository receipt (ADR), based on USD11.25 strike price of the target's buyback.
The fund will be raised either through follow on public issue, qualified institutional placement, rights issue, private placement, global depository receipt, American depository receipt or a combination of these, it said.
12 December 2011 - The Bank of New York Mellon Corporation (NYSE:BK) on Friday said it had been named as depositary bank for the American Depository Receipt (ADR) programme of Indian oil and gas group Essar Energy (LON:ESSR).
The company's American depository receipt (ADR) closed at USD11.48, up by 6.59% from opening, last Friday on the Nasdaq stock market.
Last Friday, the American depository receipt (ADR) in AstraZeneca closed at USD42.25 on the New York Stock Exchange.
The funds could be raised either through a follow-on public issue, qualified institutional placement, rights issue, private placement, Global Depository Receipt, American Depository Receipt or a combination of these.
BNY Mellon has been chosen to be the depository bank for QIWI's proposed American depository receipt (ADR) programme.
Westpac Banking Corporation (ASX: WBC) has announced the appointment of BNY Mellon as the successor depository bank for the Australian lender's American depository receipt (ADR) programme.
The American depository receipt (ADR) of the company rose 6% from the offer price of USD12.18 to USD12.91 at the New York stock exchange.
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