Dassault Systemes establishes a sponsored ADR program.NEW YORK--(BUSINESS WIRE)--July 3, 1996--Dassault Systemes S.A. today established a sponsored American Depositary Receipt sponsored American Depositary Receipt An American Depositary Receipt in which the company whose shares are held in custody has direct involvement in issuance of the ADRs. (ADR ADR - Astra Digital Radio ) program in conjunction with a public offering of 3,613,950 American Depositary Shares American Depositary Share (ADS) Foreign stock issued in the US and registered in the ADR system. (ADSs). Each ADS represents one share of common stock of the company. The ADSs are quoted on the Nasdaq National Market under the symbol "DASTY". J.P. Morgan is the Depositary for the ADRs. Dassault Systemes Dassault Systemes (Dassault Systèmes S.A.) (Pronounced - Dasoh) (NASDAQ: DASTY; Euronext: 13065) is a leading company specializing in 3D and PLM (Product Lifecycle Management) software. S.A. is a leading developer of computer-aided design computer-aided design (CAD) or computer-aided design and drafting (CADD), form of automation that helps designers prepare drawings, specifications, parts lists, and other design-related elements using special graphics- and calculations-intensive , computer-aided manufacturing, and computer-aided engineering software products. The company's customer base totals over 8,000 customers and 90,000 seats. Marketed and sold through a worldwide relationship with International Business Machines Corporation since 1981, the company's products offer a full range of design, analysis, manufacturing and post-production support applications. J.P. Morgan created the first ADR in 1927 and today is the world's largest ADR Depositary in terms of ADR share and dollar volume traded. CONTACT: J.P. Morgan & Co. Incorporated Press Contact: Bill McBride, 212-648-9537 ADR Contact: Karen Shell, 212-648-3207 |
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