BNY Mellon Appointed as Depositary Bank by Carlsberg A/S
February 26 2010 - 8:55AM
PR Newswire (US)
NEW YORK, Feb. 26 /PRNewswire-FirstCall/ -- BNY Mellon, the global
leader in asset management and securities servicing, has been
appointed by Carlsberg A/S (Carlsberg) as depositary for its
sponsored American depositary receipt (ADR) program. Carlsberg's
ADR program was previously unsponsored, serviced by multiple
depositaries. Five Carlsberg ADRs represent one Carlsberg ordinary
share. The ADRs trade on the over-the-counter (OTC) market in the
U.S. under the symbol "CABGY." The ordinary shares trade on
Copenhagen NASDAQ OMX under the symbol "CARL B." Carlsberg is one
of the world's largest brewery groups with a comprehensive brand
portfolio that includes four out of the 10 largest European beer
brands. The total beer portfolio includes more than 500 brands,
such as Carlsberg, Baltika, Tuborg and Kronenbourg. Carlsberg is
the second-largest brewing group in Western Europe, number one in
Eastern Europe, and has strong market positions in Asia. Carlsberg
is a constituent stock of MSCI Pan-Euro, FTSE Euro First, and Dow
Jones Nordic 30. "Carlsberg has for many years had a sizeable
shareholder base in the U.S., and we believe establishment of the
sponsored ADR program will be a valuable service for our existing
and potential new U.S. shareholders," said Jorn P. Jensen,
Carlsberg's deputy chief executive officer and chief financial
officer. "Carlsberg joins a growing number of companies moving from
an unsponsored to sponsored ADR program for the benefits it brings
in terms of exposure and service," said Michael Cole-Fontayn, chief
executive officer of BNY Mellon's Depositary Receipts business.
"Carlsberg's decision to convert to a sponsored program exhibits
long-term vision and commitment to the U.S. capital markets and
investors. We look forward to supporting management's efforts to
build a successful and liquid ADR program." BNY Mellon acts as
depositary for more than 2,100 American and global depositary
receipt programs, acting in partnership with leading companies from
67 countries. With an unrivaled commitment to helping securities
issuers succeed in the world's rapidly evolving financial markets,
the company delivers the industry's most comprehensive suite of
integrated depositary receipt, corporate trust and stock transfer
services. Learn more at http://www.bnymellon.com/dr. BNY Mellon is
the corporate brand of The Bank of New York Mellon Corporation .
BNY Mellon is a global financial services company focused on
helping clients manage and service their financial assets,
operating in 34 countries and serving more than 100 markets. BNY
Mellon is a leading provider of financial services for
institutions, corporations and high-net-worth individuals,
providing superior asset management and wealth management, asset
servicing, issuer services, clearing services and treasury services
through a worldwide client-focused team. It has $22.3 trillion in
assets under custody and administration, $1.1 trillion in assets
under management, services $12 trillion in outstanding debt, and
processes global payments averaging $1.6 trillion per day. More
information is available at bnymellon.com. This release is for
informational purposes only. BNY Mellon provides no advice nor
recommendation or endorsement with respect to any company or
securities. Nothing herein shall be deemed to constitute an offer
to sell or a solicitation of an offer to buy securities. Depositary
Receipts: Not FDIC, State or Federal Agency Insured; May Lose
Value; No Bank, State or Federal Agency Guarantee. DATASOURCE: BNY
Mellon CONTACT: Dori Flanagan, +1-212-815-2291,
dori.flanagan@bnymellon.com, orJoe Ailinger, +1-617-722-7571,
joe.ailinger@bnymellon.com, both of BNY Mellon Web Site:
http://www.bnymellon.com/
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