Citi Appointed Depositary Bank for OMV Petrom’s GDR Programme

  • Banking
  • 21.10.2016 08:45 am

Citi’s Issuer Services business, acting through Citibank N.A., has been appointed by OMV Petrom S.A. (“OMV Petrom”), the largest oil and gas group in Southeastern Europe, as depositary bank for its Global Depositary Receipt (GDR) Programme. OMV Petrom’s GDRs are listed and trade on the London Stock Exchange (LSE) under the symbol “PETB” for the Regulation S GDRs and “PETR” for the Rule 144A GDRs, with each GDR equivalent to one hundred and fifty (150) ordinary shares. OMV Petrom’s ordinary shares are also listed and trade on the Bucharest Stock Exchange (BVB) under the symbol “SNP”.

Mr. Andreas Matje, CFO at OMV Petrom, commented, "OMV Petrom is pleased to work with one of the leading depositary banks in the world, with a proven track record and with whom we developed a longstanding relationship across various products."

“Citi is delighted to be appointed by OMV Petrom as depositary bank for its LSE Listed GDR Programme,” said Dirk Jones, Global Head of Issuer Services, at Citi. “We look forward to working closely with OMV Petrom, leveraging our global equity distribution network and providing best-in-class service to assist them in fulfilling their goals.”

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