Chr. Hansen Holding A/S has a sponsored Level 1 American Depositary Receipt (ADR) program in the US with J.P. Morgan Chase Bank N.A. acting as depositary bank.
Chr. Hansen ADRs trade in the US over-the-counter (OTC) market. From February 19, 2019 four Chr. Hansen ADRs will represent one Chr. Hansen share (4 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.
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