Citi’s Global Transaction Services business, acting through Citibank N.A., has been appointed by Ahold (Koninklijke Ahold, N.V.), a Netherland’s based company, as the successor depositary bank for its sponsored Level 1 American Depositary Receipt (ADR) program. Ahold’s ADRs which currently trade in the over-the-counter (OTC) market through www.pinksheets.com will trade in the OTCQX marketplace, a premier tier of the U.S. OTC market, under the symbol AHONY. Ahold’s ordinary shares are listed on the Euronext’s Amsterdam Stock Exchange. Each ordinary share is represented by 1 ADR.
Henk Jan ten Brinke, Vice President Investor Relations of Ahold commented, “We are pleased with the appointment of Citi as our new ADR depositary and look forward to working closely with them to add continued value both to our existing and potential shareholders in the U.S.”
We’re extremely pleased that Ahold has chosen Citi as successor depositary to their ADR program.” said Nancy Lissemore, Global Head of Depositary Receipt Services at Citi. By leveraging our unparalleled global distribution network and liquidity management services, we’re confident that we can help Ahold increase their program visibility in the market.
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