The fund SBI said would be raised either through follow on public issue qualified institutional placement rights issue private placement Global Depository Receipt American Depository Receipt
or combination of these.
Sydney, Australia, Oct 31, 2011 - (ABN Newswire) - Global Nickel Investments NL (ASX:GNI) is pleased to announce the establishment of a Sponsored American Depository Receipt
Floated to the public in 1990, Akbank shares began trading on international markets and as an American Depository Receipt
(ADR) after its secondary public offering in 1998.
Execution technology provider ConvergEx has reported record growth in its American depository receipt
trading (ADR) owing to increased availability of instruments.
Orascom Construction Industries (OCI), Egypt's biggest listed firm, said it has launched an American Depository Receipt
(ADR) programme to meet growing demand in the United States.
According to ZAP, Kim, who worked most recently as relationship manager for the American Depository Receipt
division of the Bank of New York, will spearhead ZAP's ongoing effort to woo institutional investors and large funds.
Chaired by Mikhail Khodorkovsky, one of the country's most admired executives, it trades on a series of exchanges in Russia and on the Frankfurt, Munich, Berlin and London bourses, as well as over the counter through an American Depository Receipt
(ADR) listing in New York.
But Diana Barham, vice-president of the American depository receipt
group at investment bank JP Morgan, warned that there were drawbacks that European companies should consider before going ahead with a dual listing.
BHP Billiton will be listed on the London and Australian stock exchanges and retain a secondary listing on the Johannesburg Stock Exchange and the American Depository Receipt
listing on the New York Stock Exchange.
The remaining shares were distributed through an American Depository Receipt
(ADR) in December 1997.
Trafalgar House PLC can be traded on the NYSE by the American Depository Receipt
(ADR) system through Morgan Guaranty Trust.
The company is to relocate from Cairo to Amsterdam and is due to begin trading on the NYSE Euronext in Amsterdam on 25 January with an American depository receipt
programme to follow.