Australian flag carrier Qantas Airways has appointed BNY Mellon as depositary bank for its American Depositary Receipt (ADR) program.
Each Qantas ADR represents 10 ordinary shares and trades over-the-counter under the symbol “QABSY.” Qantas’ ordinary shares trade on the Australian Securities Exchange under the symbol “QAN.”
“The U.S. is a key strategic market for Qantas, both operationally and in terms of our existing shareholder base,” said Qantas CFO, Gareth Evans. “We aim to expand our visibility and investor base in the global capital markets via this Level I ADR program with BNY Mellon.”
Qantas Appoints BNY Mellon for ADR Program
Australian flag carrier Qantas Airways has appointed BNY Mellon as depositary bank for its American Depositary Receipt (ADR) program.