An ADR is a depository receipt representing the ordinary or common shares of a non-U.S. company traded on another stock exchange. ADRs are priced in U.S. dollars and traded in the U.S; allowing U.S investors to buy and sell shares of non-U.S. companies in exactly the same way as they buy or sell shares of U.S. companies.
DMX's ADRs, trading under the ticker symbol "DMXTY" on OTC Pink, are dollar-denominated securities backed by the shares traded on the Singapore Stock Exchange (5CH.SI). The ratio between the ADR and the underlying ordinary shares is 1:40, i.e one DMX ADR is the equivalent of 40 DMX ordinary shares.
|Ratio (ADR: ORD):||1:40|
|Depository Bank:||The Bank of New York Mellon|
A Depository Receipt ("DR") is a tradable instrument that represents ownership of equity shares in a foreign issuer. The DRs traded in the U.S. are called American Depository Receipts ("ADRs"). Each issued DR represents a certain number of underlying ordinary shares of the issuer, with such underlying shares held in custody by a depository institution (eg. Bank of New York Mellon). The ADRs are considered U.S. domestic securities, making it easier for U.S. investors to invest in non-US companies.
OTC Pink is an open marketplace that has no financial standards or reporting requirements. The stock of companies in the OTC Pink tier are not required to be registered with the SEC. Companies in this category are further categorized by the level and timeliness of information they provide to investors and may have current, limited or no public disclosure. For more information about OTC Pink, please visit http://www.otcmarkets.com/marketplaces/otc-pink.
Many U.S. institutional investors are interested to invest in companies outside of U.S.; but are restricted from purchasing shares in companies that do not trade in the U.S. The ADR program on OTC Pink addresses this restriction.
DMX's ADR share price and related trading statistics can be obtained from OTC Pink website at http://www.otcmarkets.com/marketplaces/otc-pink. Ticker: DMXTY
Yes. ADR holders will receive their dividends or distributions (less relevant fees) from the DMX ADR bank subject to the terms of the Deposit Agreement (which sets out the terms for the establishment of the ADR program).
ADR holders may refer to the DMX website at www.dmxtechnologies.com for notices of dividends and annual reports and may also sign up at the same website for email alerts.
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