October 3, 2003 — (WEB HOST INDUSTRY REVIEW) — EuroTrust (eurotrust.dk) said yesterday it has received a confirmation letter from the Nasdaq stock exchange advising the company that its listing qualification panel has approved its request to transfer the listing of EuroTrust’s ADRs to the Nasdaq smallcap market, effective at the opening on business on October 2.
ADRs, or American Depositary Receipts, are negotiable certificates issued by a U.S. bank representing a specific number of shares of a foreign stock traded on a U.S. stock exchange, making it easier for U.S. citizens to invest in foreign companies.
In July, Eurotrust received a letter from Nasdaq stating that it intended to delist the company’s ADRs from the Nasdaq national market due to the failure of the company to file its annual report on a timely basis.
The company?s trading symbol will be changed from “EUROE” back to “EURO.”
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