BNY Mellon Appointed as Depositary Bank by Renta 4 Servicios de Inversion S.A.
NEW YORK, March 22 /PRNewswire-FirstCall/ -- BNY Mellon, the global leader in asset management and securities servicing, has been appointed by Renta 4 Servicios de Inversion S.A. (Renta 4) as the depositary bank for its American depositary receipt (ADR) program. Each Renta 4 ADR represents one ordinary share and trades on the Over-the-Counter (OTC) market under the symbol "RSVXY." Renta 4's ordinary shares are admitted to trading on the Madrid, Barcelona, Bilbao and Valencia Stock Exchanges and the Spanish Continuous Market under the symbol "R4."
Renta 4 Servicios de Inversion is a Spain-based company principally engaged in the financial sector. It is the parent firm of a number of companies providing investment and asset management services. Provided through Renta 4 Group, the services can be divided into three categories: brokerage services, asset management, and corporate services. The company operates 57 branches. Additional information can be found at www.renta4.com.
"The introduction of an ADR program for Renta 4 will enable potential North American investors to have easier access to the company's shares in their own time zone and currency," said Renta 4 Chairman Juan Carlos Ureta. "We look forward to building our relationship with BNY Mellon over the coming years and are confident that their expertise and capabilities will help drive our strategy forward."
"The establishment of an ADR program for Renta 4 further emphasizes our commitment to the Spanish depositary receipt market," said Michael Cole-Fontayn, chief executive officer of BNY Mellon's Depositary Receipts business. "As the world's leading depositary bank, BNY Mellon will utilize its range of specialized resources to support Renta 4 in their efforts to broaden their shareholder base and raise visibility and awareness of the company."
BNY Mellon acts as depositary for more than 2,100 American and global depositary receipt programs, acting in partnership with leading companies from 67 countries. With an unrivaled commitment to helping securities issuers succeed in the world's rapidly evolving financial markets, the company delivers the industry's most comprehensive suite of integrated depositary receipt, corporate trust and stock transfer services. Learn more at www.bnymellon.com/dr.
BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $22.3 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $12 trillion in outstanding debt, and processes global payments averaging $1.6 trillion per day. Learn more at bnymellon.com.
This release is for informational purposes only. BNY Mellon provides no advice nor recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities. Depositary Receipts: Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank, State or Federal Agency Guarantee.
SOURCE BNY Mellon
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