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JD Wetherspoon plc has an American Depositary Receipt (ADR) programme that trades on the Over-The-Counter ('OTC') market in the US.
JD Wetherspoon plc (JDW) is listed on the London Stock Exchange. In London, ordinary shares are traded. In New York, shares are traded as American Depositary Receipts (ADRs).
An ADR is a negotiable US certificate representing ownership of shares. This security represents the entitlement to underlying ordinary shares and dividends (paid in US dollars). ADRs are quoted and traded in US dollars and settle through the US settlements system.
The current ratio for JD Wetherspoon plc is 1:5 (ADR: Ordinary Share).
What is an ADR?
- A certificate representing home market securities
- Traded as US Securities
- Trade freely in the US and Europe
- Can be used to list on an exchange or to raise capital in the US or globally
- Can be adapted to meet specific marketing needs
Benefits to ADR Investors
- Quoted in and dividends paid in US Dollars
- Clear and settle according to international standards
- Overcome foreign investment restrictions
- Global custodian charges are eliminated
- Often more tax efficient
- Enhances cross-border market liquidity
- Improve Information flow
For more informatoin on ADRs, please see our Frequently Asked Questions.