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Tokyo Electron starts sponsored ADR program in the US under ticker TELWY
TEL set up a sponsored Level I ADR program so US investors can trade its shares over the counter as TELWY, with JPMorgan Chase as depositary. It raises no new capital and issues no new shares; it is meant to widen TEL's investor base in the US.
- Ratio: 2 ADRs per ordinary share.
- Trading from September 17, 2026 on the US OTC market.
- Existing unsponsored ADRs are to move into the sponsored program.