LYC 0.63% $6.41 lynas rare earths limited

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    Foreign issuers with shares outstanding (Issuers) in the form of American Depositary Receipts (ADRs), may, in many cases, choose to extend voting rights to holders of their ADRs (ADR holders) for matters that have been submitted for shareholder approval. ADR holders are not direct shareholders of the Issuer, and therefore, generally do
    not have the right to vote the shares underlying their ADRs as if they were ordinary shareholders. In order to vote, ADR holders would need to instruct the depositary bank administering the ADR program (the “Depositary”), as the record holder of the underlying shares, to vote in accordance with their instructions.

    Voting rights of ADR holders are determined primarily by the terms of the Deposit Agreement and are guided by the rules of disallowed where the ADRs are listed (if any) and the laws of the Issuer’s home market. The Deposit Agreement may give ADR holders a contractual right to instruct the Depositary to vote on matters that have been submitted for shareholder approval, provided it is legal and reasonably practicable to do so. If these
    preconditions are met, then pursuant to the terms of the Deposit Agreement, the rules of the relevant stock exchange and home market law, and an instruction from the Issuer to do so, the Depositary will extend the voting rights to the ADR holders. The Depositary will then vote, or cause to be voted, such shares for which instructions are received from ADR holders in accordance with such instructions.
 
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Last
$6.41
Change
0.040(0.63%)
Mkt cap ! $5.991B
Open High Low Value Volume
$6.45 $6.49 $6.40 $13.34M 2.079M

Buyers (Bids)

No. Vol. Price($)
2 13384 $6.41
 

Sellers (Offers)

Price($) Vol. No.
$6.42 13471 2
View Market Depth
Last trade - 16.10pm 09/07/2024 (20 minute delay) ?
LYC (ASX) Chart
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