Romgaz Appoints BNY Mellon for GDR Program

Romanian gas producer Romgaz has appointed BNY Mellon as depositary bank for its London-listed Global Depositary Receipt (GDR) program.

Each Romgaz GDR represents one ordinary share and trades on LSE under the symbol “SNGR.”

“This is a significant milestone in Romgaz’s strategy to become a regional leader in energy exploration, production and supply,” said Virgil Marius Metea, CEO of Romgaz.

“Our IPO received high-quality institutional demand from all regions in which the securities were offered. The successful pricing of our offering is a clear endorsement of the Romgaz investment case and reflects the strength of investor appetite for the Romanian gas growth story. We look forward to being listed on the Bucharest Stock Exchange and the trading of our GDRs on the London Stock Exchange.”

64% of the offering is made up of shares listed on the Bucharest Stock Exchange and the remainder is made up of GDRs listed on the LSE.