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YAMAHA Establishes ADR Program |
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YAMAHA Corporation has established a Level I American Depositary Receipt (ADR)* Program. The Level I ADR Program will enable over-the-counter (OTC) trading of unlisted ADRs representing YAMAHA stock. |
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| 1.Reason for the establishment of the program |
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| The purpose of the Level I ADR Program is to encourage foreign investment in YAMAHA shares through the U.S. over-the-counter market, thereby expanding YAMAHA's shareholder base and brand recognition in the United States. |
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| 2.Description of the program |
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| 1. |
Type of ADR program |
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Sponsored Level I ADR Program |
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Effective date |
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July 7, 2003, at 9:00 A.M. (U.S. Eastern Standard Time) |
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Ratio |
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1 ADR = 1 ordinary share |
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U.S. security code |
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(Cusip) 984627 10 9 |
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Depositary bank |
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Deutsche Bank Trust Company Americas |
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Local custodian bank |
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Sumitomo Mitsui Banking Corporation |
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American Depositary Receipts are U.S. dollar-denominated negotiable instruments issued in the U.S. by a depositary bank representing ownership of non-U.S. securities.
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For further information, please contact
Yamaha Corporation
Corporate Communications Group,
Public Relations Division
TEL. +81-3- 5488-6601
FAX +81-3-5488-5060
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