depository receipt for shares

A depository receipt for share The portion of registered capital of a private or public limited company
» Meer over share
shares
( share The portion of registered capital of a private or public limited company
» Meer over share
stocks
)
is a special type of share The portion of registered capital of a private or public limited company
» Meer over share
share
( share The portion of registered capital of a private or public limited company
» Meer over share
stock
) in a (Dutch) company. Depository receipts are connected to shares (and they track their value). In the Netherlands, usually a foundation, being the (legal) shareholder, assigns depository receipts of shares (stocks) it holds. The foundation remains the owner of the original shares (stocks) though. This means that the voting rights remain with the foundation but the depository receipts holders have the same right on distribution of profits as shareholders do. Only the profit will be distributed to the depository receipt holders via the foundation who holds the shares (stocks).

Depository receipt holders can in principle sell their depository receipts. Unlike shareholders however, depository receipt holders do not have ownership of the company.

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