Citi Appointed as Successor Depositary Bank for Iberdrola, S.A.’s ADR Programme
03 Junho 2024 - 5:00AM
Business Wire
Citi Issuer Services, acting through Citibank N.A., has been
appointed by Iberdrola, S.A. (“Iberdrola”) to act as successor
depositary bank for its sponsored Level 1 American Depositary
Receipt (“ADR”) programme.
Iberdrola’s ADR programme trades in the US over-the-counter
(OTC) market under the symbol “IBDRY”. Each ADR represents four
ordinary shares of the company. Iberdrola’s underlying ordinary
shares are listed and trade on the Madrid Stock Exchange under the
symbol “IBE SM”.
“I am delighted that Citi has been selected by Iberdrola as
successor ADR depositary bank for its sponsored Level 1 ADR
programme,” said Dirk Jones, Global Head of Issuer Services at Citi
Securities Services. “With Citi’s global presence and investor
relations expertise, our platform will help facilitate the
continued success of the programme and provide investors with the
highest quality ADR services.”
With a focus on enabling the investment process and
approximately US$24 trillion in assets under custody and
administration, Citi Securities Services goes beyond borders to
holistically support securities activity wherever clients need us.
Through an integrated suite of Custody, Execution, Fund and Issuer
Services, Citi connects and serves clients across the entire
investment ecosystem.
Issuer Services is a leading provider of depositary receipt
services. With depositary receipt programs in 67 markets, spanning
equity and fixed-income products, Issuer Services leverages Citi’s
global network to provide cross-border capital market access to
issuers, intermediaries, and investors.
For more information on Citi’s Depositary Receipt Services,
visit www.citi.com/dr.
About Citi
Citi is a preeminent banking partner for institutions with
cross-border needs, a global leader in wealth management and a
valued personal bank in its home market of the United States. Citi
does business in nearly 160 countries and jurisdictions, providing
corporations, governments, investors, institutions and individuals
with a broad range of financial products and services.
Additional information may be found at www.citigroup.com | X:
@Citi | YouTube: www.youtube.com/citi | Facebook:
www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
About Iberdrola
With more than 180 years of history, Iberdrola is today a global
energy leader, the leading wind power producer and one of the
largest electricity companies in the world in terms of stock market
capitalisation. The group supplies energy to nearly 100 million
people in dozens of countries, has more than 600,000 shareholders,
a workforce of more than 42,000 employees and assets in excess of
150 billion euros.
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version on businesswire.com: https://www.businesswire.com/news/home/20240603746871/en/
Citi Media: Harsha Jethnani harsha.jethnani@citi.com +65
93830872
Iberdrola Investor Relations: Ignacio Cuenca Arambarri
Head of Investor Relations investor.relations@iberdrola.es +34 917
842 804
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