ISAGEN, a Colombia-based mixed public energy utility, has appointed Citi Global Transaction Services (GTS) as depository for its Level 1 American Depositary Receipt (ADR) program. ISAGENs shares will trade on the OTC market under the symbol ISAGY. Each ISAGEN American depositary share represents 10 ordinary shares.
Juan Fernando Vsquez Velsquez, CFO of ISAGEN, said: We are excited to launch our sponsored ADR program. ISAGEN is committed to increasing its international exposure, and we look forward to heightening our visibility and broadening our investor base worldwide, with Citi as our depositary bank.