Chr. Hansen Holding A/S has establish a sponsored Level 1 American Depositary Receipt (ADR) program in the US with Bank of New York Mellon acting as depositary bank.
Chr. Hansen ADR’s is available for trading in the US over-the-counter (OTC) market, with two ADRs representing one Chr. Hansen share (2 ADRs: 1 ordinary share).
What is an ADR?
An ADR is a USD-denominated negotiable certificate that represents ownership of shares in a non-US company. Each ADR is issued by a US depositary bank and represents one or more shares of a foreign stock or a fraction of a share. ADRs were specifically designed to facilitate the purchase, holding and sale of non-US securities by US investors.
Want to know more?
For more information please go to the BNY Mellons depositary receipt website.