The Bank of New York Mellon Selected as Depositary by MMX Mineracao e Metalicos S.A. for its Depositary Receipt Listing on the T
July 23 2007 - 12:00PM
PR Newswire (US)
Listing represents the first DR Program and Brazilian company to
list in Toronto NEW YORK, July 23 /PRNewswire-FirstCall/ -- The
Bank of New York Mellon, a global leader in asset management and
securities servicing, has been selected by MMX Mineracao e
Metalicos S.A. as the depositary bank for its global depositary
receipt (GDR) program. Twenty MMX GDRs represent one ordinary
share. The GDRs trade on the Toronto Stock Exchange under the
symbol "XMM" and on the U.S. OTC market under the symbol "MMXMY."
MMX's ordinary shares trade on the Novo Mercado segment of the
Bovespa under the symbol "MMXM3." MMX's program is the first GDR to
be listed on the Toronto Stock Exchange, as well as the first
security listed on the exchange from a Brazilian company. Rodolfo
Landim, executive president and investor relations officer of MMX,
said, "Working with The Bank of New York Mellon, we structured a
unique and creative DR facility that will allow MMX to increase its
investor base and attract dedicated mining investors on the Toronto
Stock Exchange, the world's leading exchange for mining. We look
forward to continuing to grow our investor relations activities in
a manner that provides enhanced value to our shareholders."
Christopher Sturdy, executive vice president and head of The Bank
of New York Mellon's Depositary Receipt Division, said, "We were
delighted to work with MMX and their advisors in offering this
pioneering solution, which demonstrates the attractiveness and
flexibility of depositary receipt programs and spotlights how such
programs can play a critical role in enabling issuers to reach
investors wherever they may be located." MMX Mineracao e Metalicos
S.A. is part of the EBX Group of companies and its activities are
dedicated to mining, metals and logistics in Brazil. MMX raised
over U.S. $500 million in its initial public offering in July 2006,
and has been active in implementing numerous projects throughout
Brazil. The Bank of New York Mellon's Depositary Receipt business
is conducted through The Bank of New York subsidiary, which acts as
depositary for more than 1,270 American and global depositary
receipt programs, acting in partnership with leading companies from
60 countries. With an unrivalled 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. Additional information is available at
http://www.adrbny.com/. The Bank of New York Mellon Corporation is
a global financial services company focused on helping clients
manage and move their financial assets, operating in 37 countries
and serving more than 100 markets. The company 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 and treasury
services through a worldwide client-focused team. It has more than
$20 trillion in assets under custody and administration and more
than $1 trillion in assets under management, and it services more
than $11 trillion in outstanding debt. Additional information is
available at http://www.bnymellon.com/. The Bank of New York Mellon
provides no advice nor recommendation or endorsement with respect
to any company or security. Nothing herein shall be deemed to
constitute an offer or solicitation of an offer to buy or sell
securities. DATASOURCE: The Bank of New York Mellon Corporation
CONTACT: Dori Flanagan of The Bank of New York Mellon Corporation,
+1-212-815-2291, Web site: http://www.bnymellon.com/
http://www.adrbny.com/
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