Deutsche Bank Appointed as Depositary Bank for the Level II NYSE-Listed American Depositary Receipt Program of Tenaris S.A.
Deutsche Bank today announced its appointment as successor depositary
bank for the Level II New York Stock Exchange-listed American Depositary
Receipt (ADR) program of Tenaris S.A. (Tenaris).
Tenaris is a leading global manufacturer and supplier of steel tubes and
related services for the world’s energy industry and certain other
industrial applications. Its customers include most of the world’s
leading oil and gas companies as well as engineering companies engaged
in constructing oil and gas gathering, transportation, processing
facilities. Tenaris’s principal products include casing, tubing, line
pipe, and mechanical and structural pipes. Tenaris operates an
integrated worldwide network of steel pipe manufacturing, research,
finishing and service facilities with industrial operations in the
Americas, Europe, Asia and Africa and a direct presence in most major
oil and gas markets. Tenaris’s shares are listed on the Borsa Italiana
(symbol: TEN.MI), the Bolsa de Comercio de Buenos Aires (symbol: TS.BA),
and the Bolsa Mexicana de Valores (symbol: TS:MX) and its ADRs are
listed on the New York Stock Exchange (symbol: TS).*
Edwin Reyes, Global Head of Depositary Receipts at Deutsche Bank, said,
“We are delighted that Tenaris has chosen to transfer its ADR program to
Deutsche Bank. We look forward to working with Tenaris in the management
of its program and are committed to providing Tenaris with the highest
level of service."
*Source: Tenaris (March 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.
American 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© March 2013 Deutsche Bank AG. All rights reserved.
Issued by press department of Deutsche Bank AG NY 60 Wall
Street, New York, NY 10005 Phone +1 212 250 7171
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