Frequently Asked Questions
An ADR is a negotiable US certificate representing ownership of shares in a non-US corporation. ADRs are quoted and traded in US dollars in the US securities market. Dividend payments are also paid in US dollars. ADRs were specifically designed to facilitate the purchase, holding and sale of non-US securities by US investors and to provide a corporate finance vehicle for non-US companies.
US investors generally prefer to purchase ADRs rather than ordinary shares in the issuer's home market because ADRs trade, clear and settle according to US market conventions. One of the main advantages is the facilitation of diversification into foreign securities. ADRs allow easy comparison to securities of similar companies, as well as access to price and trading information. ADR holders also appreciate US dollar dividend payments (if declared) and receiving corporate action notifications.
J Sainsbury ADRs are traded on the US over-the-counter (OTC) markets:
Symbol: JSAIY
CUSIP: 466249208
Platform: OTC
Ratio: 1:4
Country: United Kingdom
Industry: Food & Drug Retailers
Depositary: BNY Mellon (Sponsored)
Effective Date: May 2, 2005
Underlying SEDOL: B019KW7
Underlying ISIN: GB00B019KW72
US ISIN: US4662492085
A registered holder is one whose name appears on the books of the Depositary, as registrar; the registered holder is considered the owner of record. A beneficial holder is one whose holdings are held in another name, such as a broker, bank or nominee.