Financial Glossary what is guilder-shares-new-york-shares-


Guilder Shares (New York Shares)

Dutch regulations do not permit their companies to issue ADRs linked to active home-country shares, even if those shares are held by a depository bank, which is the normal procedure. Instead, the appropriate quantity of underlying home-country shares are cancelled and the equivalent amount of New York Shares (guilder shares) are issued.
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