Citi Appointed Successor Depositary Bank for Infineon’s ADR Programme
02 April 2015 - 11:25AM
Business Wire
Citi (NYSE symbol: C), acting through Citibank N.A., has been
appointed by Infineon Technologies AG (“Infineon”), a world leader
in semiconductors, as successor depositary bank for its Level 1
American Depositary Receipt (ADR) programme, which trades on the
OTCQX marketplace under symbol “IFNNY”. Each ordinary share is
equivalent to 1 ADR. Infineon’s ordinary shares are listed on the
Frankfurt Stock Exchange and trade under symbol “IFX.DE”.
Dr. Jürgen Rebel, Head of Investor Relations at Infineon,
commented: “The recent acquisition of International Rectifier has
strengthened Infineon’s visibility and presence in the US. We look
forward to leveraging Citi’s equity distribution network to
diversify our shareholder base further and increase liquidity.”
“Citi is delighted to be appointed by Infineon as successor
depositary bank for its Level 1 ADR programme,” said Dirk Jones,
Global Head of Issuer Services, at Citi. “We look forward to
working closely with Infineon providing best-in-class service to
the company’s existing ADR holders and assisting with identifying
new investors.”
For more information on Citi’s Depositary Receipt Services,
visit www.citi.com/dr.
About Infineon
Infineon Technologies AG is a world leader in semiconductors.
Infineon offers products and system solutions addressing three
central challenges to modern society: energy efficiency, mobility,
and security. In the 2014 fiscal year (ending September 30), the
company reported sales of Euro 4.3 billion with about 29,800
employees worldwide. In January 2015, Infineon acquired US-based
International Rectifier Corporation, a leading provider of power
management technology, with revenues of USD 1.1 billion (fiscal
year 2014 ending June 29) and approximately 4,200 employees.
Infineon is listed on the Frankfurt Stock Exchange (ticker
symbol: IFX) and in the USA on the over-the-counter market OTCQX
International Premier (ticker symbol: IFNNY).
About Citi
Citi, the leading global bank, has approximately 200 million
customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments
and institutions with a broad range of financial products and
services, including consumer banking and credit, corporate and
investment banking, securities brokerage, transaction services, and
wealth management. Additional information may be found at
www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi
| Blog: http://new.citi.com | Facebook: www.facebook.com/citi |
LinkedIn: www.linkedin.com/company/citi
Citi Media Contacts:Capucine Boncenne+44 (0) 20 7508
9355capucine.boncenne@citi.comorInfineon Media Contact:Bernd
Hops+49 89 234 24123bernd.hops@infineon.com
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