Citigroups Global Transaction Services business, acting through Citibank N.A., today announced that it has been appointed by Coca-Cola Hellenic Bottling Company S.A. (Coca-Cola Hellenic), a Greece based company, as the successor depositary bank for its NYSE-listed American Depositary Receipt (ADR) program.
Coca-Cola Hellenics ADRs currently trade on the NYSE under the symbol CCH. The companys ordinary shares are listed on the Athens Stock Exchange (ATHEX) under the symbol EEEK and on the London Stock Exchange (LSE) as CCB. Each ADR represents one ordinary share.
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., who today represent approximately 30% of our free float, says Robert Murray, chief financial officer of Coca-Cola Hellenic.
We look forward to cultivating a long-term relationship with Coca-Cola Hellenic, working together to optimize the advantages of their new ADR program, says Citis Ayden Dagg, Head of Depositary Receipt Services for Europe, the Middle East and Africa. By leveraging our unparalleled global distribution network and liquidity management services, were confident that we can help Coca-Cola Hellenic increase their program visibility in the market and provide them with unmatched support in all aspects of their ADR programme.
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