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CANCOM SE — Delisting Announcement 2014
Apr 11, 2014
71_rns_2014-04-11_db74c214-34f3-4ea2-97d3-88f6927b1506.html
Delisting Announcement
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News Details
Corporate | 11 April 2014 16:29
CANCOM SE launches ADR program in the USA
CANCOM SE / Key word(s): Miscellaneous
11.04.2014 / 16:29
CANCOM SE launches ADR program in the USA
Munich, Germany, 11 April 2014 – CANCOM SE launches a sponsored Level 1 American Depositary Receipt (ADR) program in the United States (“US”). ADRs are US dollar denominated securities representing CANCOM SE ordinary shares listed on the Frankfurt stock exchange and allow US investors to indirectly purchase shares of CANCOM SE in the US market. Deutsche Bank Trust Company Americas (“Deutsche Bank”) are the depositary bank for the CANCOM SE ADR program.
‘Our goal is to expand our investor base in the USA, which is undoubtedly the largest capital market in the world, in order to build an even broader and more international investor base. With ADRs, US investors have the opportunity to easily invest in CANCOM on a dollar basis who cannot hold our shares directly or for whom the ADR is a more cost-effective and convenient way to invest. With Deutsche Bank we have found the right partner for this important step’, says Klaus Weinmann, CANCOM CEO, on the establishment of the ADR program.
The CANCOM SE Level 1 ADRs will trade in the US over-the-counter (OTC) market. 4 ADRs represent one ordinary CANCOM share (ratio 4 ADR: 1ORD). The ADR program does not involve the issuance of new shares or the raising of new capital by the Company.
Level 1 ADR Program CANCOM SE: Facts
Custodian bank: Deutsche Bank Trust Company Americas
CUSIP: 13740C101
ISIN: US13740C1018
Symbol: CNCXY
Exchange: OTC
Ratio: 4 ADR : 1 Ordinary Share
Eligibility: DTC
Diclaimer:
Neither this announcement nor the information contained herein constitutes an offer or solicitation by CANCOM SE for the purchase or sale of any securities.
Contact:
Beate Rosenfeld
Manager Corporate Communication & IR
CANCOM SE
Erika-Mann-Straße 69
80636 München
Germany
Phone: +49 (0) 89 / 54054 5193
mail to: [email protected]
www.cancom.de
End of Corporate News
11.04.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG.
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| Language: | English |
| Company: | CANCOM SE |
| Erika-Mann-Straße 69 | |
| 80636 München | |
| Germany | |
| Phone: | +49-(0)89/54054-0 |
| Fax: | +49-(0)89/54054-5119 |
| E-mail: | [email protected] |
| Internet: | http://www.cancom.de |
| ISIN: | DE0005419105 |
| WKN: | 541910 |
| Indices: | TecDAX |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart |
| End of News | DGAP News-Service |
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