SUEZ launches sponsored Level 1 ADR program in the USA

SUEZ today launched a Level 1 American Depositary Receipt (ADR) program in the United States to expand the Group’s visibility and broaden its investor base within the international capital markets.

ADRs are certificates representing shares of stock which allow US investors to indirectly hold shares in a non-US company and trade them in the USA, with settlement in US dollars.

The securities will trade on the over-the-counter market in the United States starting today. Each SUEZ ADR represents a half of one Ordinary Share of SUEZ SA. The ticker symbol for these ADRs is SZSAY. Deutsche Bank will act as depositary bank.

The interest in SUEZ from US investors has increased consistently in the last few years. We are committed to broadening our outreach in this important capital market and increase visibility of our stock in this key territory for the Group's development as part of its Shaping SUEZ 2030 strategy. The launch of our ADR program will make it easier for an even wider group of investors to participate in our future performance.

Julian Waldron , Group SEVP - Finance

Structure: Sponsored Level I ADR program
Depositary bank: Deutsche Bank
Symbol: SZSAY
CUSIP: 864691 209
ISIN: US8646912092
Ratio ADR/ORD: 2:1

Keywords

#Finance #United States