Citis Global Transaction Services business has been appointed by PDG Realty S.A. (PDG), a Brazil-based investment company engaged in the real estate industry, to act as the depositary bank for its new American Depositary Receipt (ADR) program.
PDG Realtys ADRs trade in the US on the over-the-counter (OTC) market under the symbol PDGRY. The companys ordinary shares are listed on the São Paulo Stock Exchange (BOVESPA) under the symbol PDGR3. Each ADR represents 2 ordinary shares.
The launch of our OTC program is an important milestone for PDG Realty, as we broaden our international investor base and further develop our relationship with Citi, says José Grabowsky, CEO of PDG Realty.
We are pleased to have been selected by PDG Realty to implement their new ADR program and look forward to providing them access to our comprehensive suite of services, including investor relations counsel and strategic promotional support of the program, says Nancy Lissemore, global head of depositary receipt services at Citi. As an important client of Citi, with a significant presence in Brazil, we welcome PDG to our platform for depositary receipt services.”
For more information please visit www.citi.com/dr.
D.C.