Business
BNY Mellon Level 1 ADR Progra
BNY Mellon Level 1 ADR Progra.
About this update from Symphony Environmental Technologies Plc
[{"type":"text","content":"\n RNS Number : 1276F Symphony Environmental Tech. PLC 07 January 2010 \n \n\n\n 7 January 2010\n\nSYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC\n\nBNY Mellon Level 1 American Depositary Receipt (\"ADR\") Programme\n\nSymphony Environmental Technologies Plc (\"Symphony\", \"Company\" or \"the Group\"), the environmental plastics and waste-to-energy group, is pleased to announce that its ADR is now being electronically quoted and investors can access the security through most brokerage accounts.\n\nSymphony ADRs trade in the US on the OTC (Over The Counter) market under the symbol SETPY. The ADR to 1p ordinary share ratio is 1:100 and the CUSIP is 87156K104. BNY Mellon acts as sponsored depositary for Symphony's ADR facility. \n\nAn ADR is a negotiable US certificate representing ownership of shares in a non-US corporation. ADRs trade and settle in the US in dollars; dividends are also paid to investors in dollar form. ADRs were specifically designed to facilitate the purchase, holding and sale of non-US securities by US investors, and to provide a corporate finance vehicle for non-US companies. ADRs can be held in book-entry form or as a physical certificate.\n\nMichael Laurier, CEO of Symphony Environmental Technologies plc, said:\n \n\"This facility allows easier access to Symphony securities by potential US investors who have found it difficult to trade outside the US markets. It enhances Symphony's global visibility programme which is important to our expansion strategy. \" \n\nFor further information, see list of contacts below. \nIf for any reason your broker is not able to purchase this security please have the broker contact BNY Mellon for additional information.\n\n\n\n\n\nSymphony\n\n\n\n\n\n\n\nMichael Laurier, CEO\n\n\nTel: 020 8207 5900\n\n\n\n\nIan Bristow, FD\n\n\n\nTel: 020 8207 5900\n\n\n\n\nBNY Mellon \n\n\n\n\n\n\n\n\nMichael Ludwig\n\n\nTel: +1 212 815 2275 \n([email protected])\n\n\n\n\nJason Smith\n\n\nTel: +1 212 815 3874 \n([email protected])\n\n\n\n\nAllenby Capital (Symphony's UK Nominated Adviser and Broker)\n\n\n\n\n\n\n\nRod Venables/Jamie Boyd\n\n\n\nTel: 020 3328 5656\n\n\n\n\nThreadneedle Communications\n(Symphony's UK Financial PR consultants)\nGraham Herring/...