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American Depositary Receipt (ADR)
An American Depositary Receipt (ADR) is a security which has been created to permit US investors to hold shares in non-US companies and trade them on the stock exchanges in the US. Trading in ADRs, as opposed to ordinary shares, permits US residents to trade in US dollars in the US securities markets with US securities dealers, in the same way as they trade any US securities.American Depositary Receipts (ADRs)
Marks and Spencer Group plc have an American Depositary Receipt (ADR) programme that trades on the Over-The-Counter (`OTC`) market in the US. Marks & Spencer has chosen to have the ADRs quoted on the OTC market`s highest tier, International PremierQX. More information can be obtained from, www.otcqx.com.
An ADR is a receipt that is issued by a depositary bank representing ownership of a company’s underlying ordinary shares. ADRs are quoted in US dollars and trade just like any other US security. The company has a sponsored Level 1 ADR programme for which the Deutsche Bank Trust Company Americas acts as Depositary. When dividends are paid to shareholders, the depositary makes the equivalent payment in US dollars to ADR holders.
- Ratio: 1 ADR = 2 ordinary shares
- Exchange: OTC
- Symbol: MAKSY
- CUSIP: 570912105