Airspray To Establish Level-I ADR Facility; Stock More Readily Available to U.S. Investors.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 27, 2003 Airspray announces plans to establish a sponsored Level-I American Depositary Receipt American Depositary Receipt (ADR) Certificates issued by a US depository bank, representing foreign shares held by the bank, usually by a branch or correspondent in the country of issue. in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The F-6 registration statement covering the ADR ADR - Astra Digital Radio has been filed with the U.S. Securities and Exchange Commission, and has not yet become effective. Through this program, with The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. as depositary DEPOSITARY, contracts. He with whom a deposit is confided or made. 2. It is, the essence of the contract of deposits that it should be gratuitous on the part 'of the depositary. 9 M. R. 470. , depositary receipts depositary receipt A negotiable certificate that represents a company's publicly traded debt or equity. Depositary receipts are created when a company's shares or bonds are delivered to a depositary's custodian bank, which instructs the depositary to issue representing Airspray shares will be traded on the "Over-the-Counter" market in the United States. Trading in Airspray ADR's, each representing one ordinary share, is expected to start in February under the symbol "AYAKY". The commercial presence of Airspray in the United States, combined with the well-published success of the Airspray dispensers in the liquid hand soap and other markets, has led to significant interest for Airspray shares by U.S. investors. Airspray is establishing a Sponsored Level-I Depositary receipt program to improve the accessibility of Airspray shares for U.S. investors. Trading in Airspray ADR's, each representing one ordinary share, is expected to start in February under the symbol "AYAKY". In compliance with SEC requirements, Airspray will continue to provide English translations of the information that is made available to Euronext Amsterdam, where the company's ordinary shares are currently traded. The Sponsored Level-I ADR program will not require Airspray to change its current reporting and accounting processes. The Bank of New York will actively seek market makers and promote the stock. Airspray profile Airspray is a worldwide leader in the design and manufacture of high value-added, innovative dispensers. Airspray sells its products to producers of consumer products. Clients include multinationals such as Unilever, Wella, Colgate, L'Oreal, Henkel-Schwarzkopf and Johnson & Johnson. Currently, Airspray employs 100 people. Airspray is a "technology-driven" enterprise. During its 19-year existence, Airspray has developed expertise in R&D, in bringing innovative dispensing dispensing provision of drugs or medicines as set out properly on a lawful prescription. A prescription can only be filled, the drugs supplied, by a registered pharmacist, veterinarian, dentist or member of the medical profession. solutions to mass production and in their worldwide marketing. Airspray now has a wide range of dispenser types that all operate without gas propellants. Airspray has been listed on the Euronext Amsterdam since 28 May 1998. |
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