BNY Mellon has been selected by Deutsche Post as depositary bank for its sponsored American depositary receipt (ADR) program.
Deutsche Post DHL’s ADR program had previously been unsponsored and was serviced by multiple depositaries. Each Deutsche Post DHL ADR represents one ordinary share.
Deutsche Post DHL is one of the world’s leading mail and logistics providers with 2008 annual revenue of more than 54 billion euros. With approximately 500,000 employees in more than 220 countries and territories, Deutsche Post DHL is one of the world’s largest employers. Deutsche Post DHL ordinary shares trade in the Prime Standard on all German stock exchanges and on XETRA, the electronic trading system, under the symbol “DPW.”
“Our global reach is already reflected by our global shareholder structure. Now, we would like to further increase and diversify our U.S. investor base,” said Martin Ziegenbalg, head of Deutsche Post DHL’s Investor Relations. “We have therefore decided to implement a sponsored DR program with BNY Mellon as depositary bank.”
“By selecting BNY Mellon as its depositary bank, Deutsche Post DHL is confirming its commitment to broadening its U.S. shareholder footprint,” said Michael Cole-Fontayn, chief executive officer of BNY Mellon’s Depositary Receipts business. “We look forward to working with Deutsche Post DHL to develop customized outreach initiatives to facilitate market awareness of its new ADR program.”