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Munich, Germany, 11 April 2014 - CANCOM SE launches a sponsored Level 1 American Depositary Receipt (ADR) program in the United States ("US"). ADRs are US dollar denominated securities representing CANCOM SE ordinary shares listed on the Frankfurt stock exchange and allow US investors to indirectly purchase shares of CANCOM SE in the US market. Deutsche Bank Trust Company Americas ("Deutsche Bank") are the depositary bank for the CANCOM SE ADR program.
'Our goal is to expand our investor base in the USA, which is undoubtedly the largest capital market in the world, in order to build an even broader and more international investor base. With ADRs, US investors have the opportunity to easily invest in CANCOM on a dollar basis who cannot hold our shares directly or for whom the ADR is a more cost-effective and convenient way to invest. With Deutsche Bank we have found the right partner for this important step', says Klaus Weinmann, CANCOM CEO, on the establishment of the ADR program.
The CANCOM SE Level 1 ADRs will trade in the US over-the-counter (OTC) market. 4 ADRs represent one ordinary CANCOM share (ratio 4 ADR: 1ORD). The ADR program does not involve the issuance of new shares or the raising of new capital by the Company.
Level 1 ADR Program CANCOM SE: Facts
Custodian bank: Deutsche Bank Trust Company Americas
Ratio: 4 ADR : 1 Ordinary Share
Neither this announcement nor the information contained herein constitutes an offer or solicitation by CANCOM SE for the purchase or sale of any securities.