BNY Mellon has been appointed as successor depositary bank by AIXTRON SEs American depositary receipt (ADR) program.
Each AIXTRON ADR represents one ordinary share and trades on the NASDAQ Stock Market under the symbol AIXG. AIXTRON’s ordinary shares trade in the Prime Standard of the Frankfurt Stock Exchange under the symbol AIXA.
“We recently completed our conversion into a European Company (SE) in order to highlight our international orientation with a European base,” says Wolfgang Breme, AIXTRON’s CFO. “In switching depositary banks to BNY Mellon, we strongly believe that we have a partner who can help us further strengthen our U.S. shareholder base, as well as increase visibility of our DR program. Plus, as the only depositary bank with an integrated stock transfer business, BNY Mellon will be able to provide best-in-class service to our DR holders.”
Michael Cole-Fontayn, CEO of BNY Mellon’s Depositary Receipts business, adds: “As successor depositary bank, we’ll work closely with AIXTRON to broaden its outreach to global investor audiences, drawing upon our wide range of specialized services and resources to help it achieve this goal.