Deutsche Bank today announced its appointment as the depositary bank for
the non-capital raising sponsored Level I American Depositary Receipt
(ADR) program of Liquefied Natural Gas Limited (LNG Ltd).
LNG Ltd (OTC US: LNGLY) is an Australian company listed on the
Australian Securities Exchange. LNG Ltd is primarily engaged in the
identification and progression of opportunities for the development of
liquefied natural gas (LNG) projects and the company’s vision is to
bring a dynamic concept of mid-scale LNG plants to the international
energy market. LNG Ltd’s projects include the development of its 100%
owned 8 million metric tons per annum (mtpa) Magnolia LNG Project in the
Port of Lake Charles, Louisiana, and 100% owned 3 mtpa Gladstone LNG
Project in the Port of Gladstone, Queensland, Australia. LNG Ltd is also
pursuing other global mid-scale LNG project opportunities, with all
projects to include LNG Ltd’s 100% owned OSMR® LNG process
technology, featuring a lower capital cost, lower emissions and higher
efficiency rating than traditional LNG processes. LNG Ltd is
headquartered in Perth, Western Australia, with an office in Houston,
Texas and Lake Charles, Louisiana.*
Naomi Flutter, Head of Global Transaction Banking - Australia & New
Zealand at Deutsche Bank said, “We are delighted to be acting as
depositary bank on this ADR transaction with Liquefied Natural Gas
Limited. This demonstrates Deutsche Bank’s commitment to ADR issuers in
Australia and we look forward to providing this client with the highest
level of service for their newly-launched program."
*Source: Liquefied Natural Gas Limited (January 2014)
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 Conduct Authority. This notice has been
approved and/or communicated by Deutsche Bank AG New York. 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 2014 Deutsche Bank AG. All rights reserved.
Copyright Business Wire 2014