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Myer appoints Deutsche as depositary bank for ADR program

April 09, 2014 (Australia)

Deutsche Bank announced its appointment as depositary bank for the non-capital raising sponsored Level I American Depositary Receipt (ADR) program of Australia-based Myer Holdings Limited (Myer).
 
“Establishing an ADR program for Myer, one of Australia’s leading retail companies, highlights Deutsche Bank’s superior client servicing capabilities. We look forward to providing Myer with the highest level of service to optimize the visibility of its ADR program and broaden its investor base.”
 
Myer is Australia's largest department store group, with 12,500 team members across 66 stores in prime retail locations across Australia, generating total annual sales of over AUD 3.1 billion as of July 27, 2013. 
 
The Myer merchandise offering includes 11 core product categories: womenswear; menswear; Miss Shop (Youth); childrenswear; intimate apparel; beauty, fragrance and cosmetics; homewares; electrical goods; toys; footwear, handbags and accessories; and general merchandise.
 
Naomi Flutter, Head of Global Transaction Banking - Australia & New Zealand at Deutsche Bank, said: “Establishing an ADR program for Myer, one of Australia’s leading retail companies, highlights Deutsche Bank’s superior client servicing capabilities. We look forward to providing Myer with the highest level of service to optimize the visibility of its ADR program and broaden its investor base."
 
About Deutsche Bank 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.
 

Deutsche Bank
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