Deutsche Bank Appointed as Depositary Bank for the Level III NYSE-Listed American Depositary Receipt Program of Portugal Telecom, SGPS, S.A.
Deutsche Bank today announced its appointment as successor depositary
bank for the Level III New York Stock Exchange-listed American
Depositary Receipt (ADR) program of Portugal Telecom, SGPS, S.A.
(Portugal Telecom).
Portugal Telecom (PT) is a global telecommunications operator with 100
million clients worldwide. In Portugal, where it holds a leading
position in the markets in which it operates, PT provides a wide
portfolio of telecoms, multimedia and IT, and fixed and mobile services,
including broadband access, voice and television, acting in all segments
of the telecommunications sector: personal, residential, enterprise
solutions and wholesale. Portugal Telecom considers itself the leading
Portuguese telecoms operator with a wide and solid international
presence, particularly in Brazil and Africa. PT has a diversified
business portfolio, in which quality and innovation are key aspects,
aimed at positioning PT as a leading edge operator in the international
arena. Portugal Telecom’s shares are listed on Euronext and its ADRs are
listed on the New York Stock Exchange.*
Akbar Poonawala, Head of Global Equity Services at Deutsche Bank, said,
“We are very pleased that Portugal Telecom decided to transfer its ADR
program to Deutsche Bank. We look forward to working with PT in the
management of its program and are committed to providing PT with the
highest level of service."
*Source: Portugal Telecom (January 2013)
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. It also offers both mutual and alternative fund administration
and provides securities custody, clearing and agency lending services
from a global network spanning more than 30 markets. Additional details
are available on www.adr.db.com
or www.tss.db.com.
This announcement appears as a matter of record only. This announcement
has been approved and/or communicated by Deutsche Bank AG New York.
The Depositary Receipts have been registered pursuant to the US
Securities Act of 1933 (the "Act"). The investment or investment service
which is the subject of this notice is not available to retail clients
as defined by the UK Financial Services Authority. This notice has been
approved and/or communicated by Deutsche Bank AG London. The services
described in this notice are provided by Deutsche Bank Trust Company
Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in
accordance with appropriate local registration and regulation. Deutsche
Bank is providing the attached notice strictly for information purposes
and makes no claims or statement, nor does it warrant or in any way
represent, as to the accuracy or completeness of the details contained
herein or therein. This announcement appears as a matter of record only.
Neither this announcement nor the information contained herein
constitutes an offer or solicitation by Deutsche Bank or any other
issuer or entity for the purchase or sale of any securities nor does it
constitute a solicitation to any person in any jurisdiction where
solicitation would be unlawful. No part of this notice may be copied or
reproduced in any way without the prior written consent of Deutsche
Bank. Past results are not an indication of future performance.
Copyright© January 2013 Deutsche Bank AG. All rights reserved.
