EN - English
ADR programme
EN
Austrian Post has launched a Level 1 American Depositary Receipt (ADR) programme in the United States. An ADR is a depositary receipt issued by US banks, which securitises a specific number of American Depositary Shares (ADS), whose value depends on the foreign share originals. In the case of Austrian Post, each ADS represents the right to receive 0.5 ordinary shares. The custodian and transfer agent for the Austrian Post ADR programme is The Bank of New York Mellon (BNY Mellon). The securities are traded over-the-counter in the United States.
General Information
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