Originally Posted by
ProfNapalm
They are as much as tax reasons dictate it
If you have a closer look, the web tells you that "only" the registered office is in the UK, whereas all the other functions...
ADR depositary
JPMorgan Chase & Co
PO Box 64504
St. Paul, MN 55164-0504
USA
Telephone +1 800 990 1135
(US callers – toll free)
+1 651 453 2128
(non-US callers)
Email:
[email protected]
www.adr.com
Stockbrokers
Bank of America Merrill Lynch
Goldman Sachs
Auditors
Ernst & Young LLP
Investment bankers
Bank of America Merrill Lynch
Citi
Goldman Sachs
Solicitors
Freshfields Bruckhaus
Deringer LLP
Anyhow.. it doesn't make that much difference in just having a rly bad advert here with a pic that shows a beautiful place but is away 650 mls from the nearest place to stay they could offer..
ADR (American Depository Receipt) tells you that their stock is really from another country, so don't think they are based in the U.S.A. from that.
I, like medic51vrf, have seen the banners, but never took that additional step of seeing what they had in the area.
Maybe a less inflammatory thread title would have been "Why would IHG advertisements show a location where they don't have hotels?"