BNY Mellon Appointed as Depositary Bank by Andes Energia PLC
October 13 2009 - 8:30AM
PR Newswire (US)
NEW YORK, Oct. 13 /PRNewswire-FirstCall/ -- BNY Mellon, the global
leader in asset management and securities servicing, has been
selected by Andes Energia PLC (Andes Energia) as the depositary
bank for its American depositary receipt (ADR) program. Each Andes
Energia ADR represents fifty common shares and trades on the
over-the-counter (OTC) market. The common shares trade on the AIM
market of the London Stock Exchange under the symbol "AEN." Andes
Energia is a Latin American energy group focusing on the
Argentinean energy sector, active in the distribution of
electricity, hydro-electric power generation and oil & gas
exploration and production. "As Andes Energia intensifies its
commitment to U.S. markets with the establishment of an OTC-traded
ADR program, we will deploy a suite of specialized resources to
support its U.S. investor relations efforts," said Michael
Cole-Fontayn, chief executive officer of BNY Mellon's Depositary
Receipts business. "We will work closely with Andes Energia to
develop customized outreach initiatives to help the company elevate
its profile among global investors." 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 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.bnymellon.com/dr. BNY Mellon is the corporate brand of
The Bank of New York Mellon Corporation (NYSE:BK). 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. 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, clearing
services and treasury services through a worldwide client-focused
team. It has $20.7 trillion in assets under custody and
administration, $926 billion in assets under management, services
$11.8 trillion in outstanding debt, and processes global payments
averaging $1.8 trillion per day. Additional 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, ; or Joe Ailinger, +1-617-722-7571,
Web Site: http://www.bnymellon.com/dr
Copyright