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What is ADR?
An ADR is a receipt which represents an ownership
interest in the underlying securities of a non-US company. Registered at the SEC, an ADR is a negotiable security in the US and is traded in the same
manner as other US securities for clearance, settlement, transfer and ownership purposes.
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 *In addition to ordinary shares, our ADRs are traded over-the-counter (OTC) in the US (Depositary Bank : The Bank of New York Mellon) Please click here for The Bank of New York Mellon's ADR website.
*Basic Information of Nippon Shokubai's ADR
| ADR |
: |
Conversion Share Ratio : 1:1 |
| Exchange |
: |
OTC (Over-the-Counter) |
| Symbol |
: |
NPSHY |
| CUSIP |
: |
48283C100 |
| Type of ADR Program |
: |
Sponsored Level 1 Program (*) |
| Depositary |
: |
The Bank of New York Mellon Depositary Receipts Division
101 Barclay Street, 22nd Floor, New York, NY 10286, U.S.A.
| (Tel) |
1 (201) 680-6825
U.S.toll free: 888-269-2377 (888-BNY-ADRS) |
| (Fax) |
1 (212) 571-3050/3051/3052 |
http://www.adrbnymellon.com |
| Local custodian bank |
: |
Mizuho Corporate Bank, Ltd. |
| * |
For sponsored ADRs, the company issuing the underlying stock enters into a deposit agreement with a specific depositary bank, and ADRs are issued by the depositary bank once the issuer, depositary bank and investor rights and obligations have been clarified. Sponsored ADR programs are classified into Levels 1, 2 or 3 depending on the level of disclosure the company is obligated to provide and whether the issuance or sale of new stock is involved.
A Level-1 ADR program is an unlisted program in the US and disclosure duties, so called “Full Disclosure”, applied to the US listed companies are exempted; provided that certain disclosure information is posted on the company website.
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