Citi has been appointed by Partner Communications Company Ltd., an Israeli telecommunications services provider, as the successor depositary bank for its American Depositary Receipt (ADR) program.
Partners ADRs trade on the NASDAQ under the symbol PTNR, with each ADR representing one ordinary share. Partners ordinary shares are listed on the Tel Aviv Stock Exchange.
We are pleased with the appointment of Citibank as our new ADR depositary and look forward to working closely with them to add value both to our existing and potential shareholders in the US, says Ziv Leitman, CFO of Partner.
Dirk Jones, global head of Securities and Fund Services Client Sales Management at Citi, adds: “It’s a privilege to be appointed by Partner, a leading telecommunications company in Israel, as successor depositary bank for their ADR program. With Citi’s excellent investor relations expertise and unmatched global equity distribution network, we’re confident we can provide outstanding investor access and awareness to Partner’s ADR program.”
(CG)