The Bank of New York Mellon Appointed Depositary by EastPharma Ltd. for its GDR Listing on the London Stock Exchange
July 26 2007 - 8:30AM
PR Newswire (US)
NEW YORK, July 26 /PRNewswire-FirstCall/ -- The Bank of New York
Mellon, a global leader in asset management and securities
servicing, has been selected by EastPharma Ltd. ("EastPharma") as
depositary for its global depositary receipt (GDR) listing. Each
EastPharma GDR represents one ordinary share. The GDRs trade on the
London Stock Exchange under the symbol "EAST." Incorporated in
Bermuda, EastPharma is active in the manufacturing and marketing
branded generics in Turkey. EastPharma's core businesses are the
production and marketing of human pharmaceuticals, active
pharmaceutical ingredients and veterinary products. These
operations are complemented by the company's consumer goods
business line, which includes empty ampoule and hygienic products
manufacturing. EastPharma also seeks to acquire pharmaceutical
companies in Turkey and selected emerging markets such as Russia.
Philipp Daniel Haas, chairman of EastPharma, said, "This is a
significant transaction in our history and we are pleased with the
success of the IPO. We look forward to working with The Bank of New
York Mellon to maximize our program's performance and enable our
investors to share in our long-term success." Christopher Sturdy,
executive vice president and head of The Bank of New York Mellon's
Depositary Receipt Division, said, "Given our experience and
expertise in the depositary receipts arena, we fully expect this
program to elevate EastPharma's international profile and to allow
it to pursue its strategic objectives." 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. 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 Corp. CONTACT: Dori
Flanagan of The Bank of New York Mellon Corp., +1-212-815-2291, or
Web site: http://www.bnymellon.com/ http://www.adrbny.com/
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