DGAP-News: Nanostart AG making preparations for ADR trading in the United States
(firmenpresse) - Nanostart AG / Key word(s): Miscellaneous
01.10.2010 06:24
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- ADR program with Bank of New York Mellon now active
- Commencement of trading imminent
- Focus on US capital market
Frankfurt am Main - October 1, 2010 - Nanostart AG is making preparations
for ADR trading in the United States, which is scheduled to begin in
October. Bank of New York Mellon (BNYM), one of the world's largest
depositary banks, is providing active support during the process. Entry
into the US capital market will accommodate growing interest in Nanostart
on Wall Street. BNY Mellon has already initiated an ADR program for
Nanostart. The next step will be the commencement of Nanostart ADR trading
on the OTCQX market within the next few weeks.
ADRs (American Depositary Receipts) are certificates issued by a US bank
that securitize ownership of stocks in a company. ADRs are traded as shares
of the company in the United States.
Depositary bank for the Nanostart ADRs is Bank of New York Mellon, which
employs over 40,000 people in 36 countries and reports assets of nearly 1.0
billion US dollars. Trading center for Nanostart ADRs is anticipated to be
the OTCQX market.
The young and emergent OTCQX market provides US investors with a trading
platform that allows convenient access to foreign companies and ensures
transparent trading as well as assurance of comprehensive information. In
addition, companies traded there are not subject to the high costs
associated with a listing on other American markets. OTCQX is now the home
of numerous international corporations, including many DAX-listed companies
such as Adidas, Allianz, and BASF.
'We look forward to helping Nanostart unlock the investment potential of
the US investor community,' said Michael Cole-Fontayn, chief executive
officer of BNY Mellon's Depositary Receipts business. 'Senior executives at
Nanostart have been highly collaborative in their approach to accessing the
US capital markets and we believe this will translate well to potential
investors. As the world's leading depositary, BNY Mellon will utilize its
many resources to develop a mutually beneficial partnership between our
respective organizations.'
The Nanostart ADR program is described as a sponsored ADR Level 1 program.
Ten Nanostart ADRs correspond to one Nanostart share. ADRs are denominated
in US dollars. With an annual volume of approximately 18 billion dollars,
the US capital market is by far the largest capital market in the world.
The ADRs are not offered by Nanostart AG. ADRs are not offered publicly in
Germany.
About Nanostart:
Nanostart AG, headquartered in the German financial capital of Frankfurt,
is the world's leading nanotechnology investment company, with portfolio
companies spanning the globe from Silicon Valley to Singapore. The company
provides venture capital financing for nanotechnology companies in various
growth phases with a focus on innovation-driven industries of the future
such as cleantech, life sciences and IT/electronics. Through its subsidiary
and venture capital fund in Singapore, Nanostart is proud to be the
investment partner of the Singaporean government. For further information
about the company, please visit www.nanostart.de.
About BNY Mellon:
BNY Mellon is a global financial services company focused on helping
clients manage and service their financial assets, operating in 36
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 $21.8
trillion in assets under custody and administration and $1.0 trillion in
assets under management, services $11.6 trillion in outstanding debt and
processes global payments averaging $1.5 trillion per day. BNY Mellon is
the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).
Additional information is available at www.bnymellon.com.
Disclaimer:
This notice constitutes neither an offer to sell nor a solicitation of
offers to purchase or subscribe to securities. There will be no public
offering of securities of Nanostart AG in conjunction with the existing
listing of its shares in the 'Entry Standard' segment of the regulated
unofficial market (Freiverkehr) on the Frankfurt Stock Exchange. This
notice does not constitute a securities prospectus. Neither this notice nor
the information contained within is intended for direct or indirect
distribution within Canada, Australia or Japan.
Nanostart AG
Public Relations
Dr. Hans Joachim Dürr
Goethestrasse 26-28
D-60313 Frankfurt am Main
telephone: +49 69-21 93 96 111
fax: +49 69-21 93 96 122
E-Mail: presse(at)nanostart.de
01.10.2010 06:24 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Datum: 01.10.2010 - 06:24 Uhr
Sprache: Deutsch
News-ID 32292
Anzahl Zeichen: 0
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Kategorie:
Business News
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