Deutsche Bank appointed as depositary bank for the sponsored Level I American Depositary Receipt program of Ipsen S.A.
Deutsche Bank today announced its appointment as depositary bank for the sponsored Level I American Depositary Receipt (ADR) program of Ipsen S.A. (EURONEXT: IPN).
Ipsen’s ADRs will trade OTC, the symbol is IPSEY. The company’s ordinary shares are listed on Compartment A on Euronext Paris under the symbol IPN (ISIN code: FR0010259150). Ipsen’s shares are eligible for the “Service de Règlement Différé” (“SRD”) and is part of the SBF 120 index. Each ADR represents one-quarter of one ordinary share.
Ipsen is a global biopharmaceutical group with total sales in excess of 1 billion euros in 2009 and a total worldwide staff of more than 4,400. Ipsen’s products include specialty care drugs in oncology, endocrinology, neurology and hematology, as well as primary care drugs. Ipsen has research and development centers and peptide & protein engineering platforms which are dedicated to the discovery and development of innovative drugs for patient care. For more information on Ipsen, visit its website at www.ipsen.com.*
Akbar Poonawala, Head of Global Equity Services (GES) at Deutsche Bank said, “We are delighted to be acting as Depositary Bank on this ADR transaction and we very much look forward to working with Ipsen and ensuring that their ADR investors receive the highest level of service.”
*Source: Ipsen S.A. (June 2010)
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Trust & Securities Services
Deutsche Bank’s Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of financial structures and transactions. It is a leading depositary for American and Global Depositary Receipts, providing value-added services to companies raising capital in international markets or listing on the New York, Nasdaq, London, Luxembourg, Singapore or NASDAQ Dubai stock exchanges by means of depositary receipts. It also offers fund and hedge fund administration and, through a fully integrated network of specialist offices worldwide, provides domestic custody services in more than 30 securities markets. Additional details are available on www.adr.db.com