The Basics

ADR Holders Guide
  1. What is an ADR?
  2. What is an ADS?
  3. Who can hold ADRs?
  4. What are my rights as an ADR holder?
  5. What is an ADR ratio?
  6. What is Shire’s ADR ratio?
  7. What type of ADR facility does Shire provide?
  8. Where do Shire’s ADRs trade and what is the ticker symbol?

  1. What is an ADR?

    An American Depositary Receipt (ADR) is a negotiable instrument issued by a depositary bank that represents ownership in securities of a non-U.S. company; in essence it is a mechanism that helps facilitate U.S. trading of non-U.S. securities. ADRs provide U.S. investors with a convenient way to invest in overseas securities.  ADRs are quoted and traded in U.S. dollars on a U.S. securities exchange such as NASDAQ Global Select Market (NASDAQ) and the New York Stock Exchange (NYSE.)

  2. What is an ADS?

    An American Depositary Share (ADS) is a U.S. share, evidenced by an ADR, which represents a specified number of underlying shares on deposit in the issuer’s home market.  The terms ADR and ADS are often used interchangeably.

  3. Who can hold ADRs?

    ADRs can be held by both retail investors and institutions.

  4. What are my rights as an ADR holder?

    ADR holders are generally entitled to the same rights as the underlying shareholders, subject to the terms the right to receive dividends in U.S. dollars, attend Shire shareholder meetings, and the right to vote on important matters such as corporate actions.

  5. What is an ADR ratio?

    The number of underlying shares represented by one ADR. The ratio is typically depicted as, for example, 3:1, or three underlying shares representing one ADR.

  6. What is Shire’s ADR ratio?

    Shire’s ratio is 3:1, i.e. three underlying shares representing one ADR.

  7. What type of ADR facility does Shire provide?

    Shire maintains a Level II Depositary Receipt programme which trades on the NASDAQ with each ADR representing three (3) Shire plc ordinary shares.

  8. Where do Shire’s ADRs trade and what is the ticker symbol?

    Shire’s ADRs trade on NASDAQ under the ticker symbol “SHPG”.

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