Examples of use of ADSS
1. Burning questions include: How will Gazprom‘s local shares and ADSs become interchangeable?
2. The ADSs, equivalent to 10 local shares, were up 1.6 percent at $68.40.
3. How the stock will behave after liberalization depends on the ease of interchangeability of Gazprom‘s local shares and ADSs.
4. Trading in its ADSs on New York Stock Exchange would also be suspended from January 12, 2007.
5. ADSs are more expensive at present but are expected to lower to local levels as "international funds seek to swap their ADSs for the cheaper local stock," said Vsevolod Malev, head of the securities department at CIT Finance, Russia‘s largest broker by trading volume.