Citi’s Issuer Services business, acting through Citibank N.A., has been
appointed by BeiGene, Ltd., a clinical-stage biopharmaceutical company
focused on developing molecularly targeted and immuno-oncological drugs
for the treatment of cancer, as the depositary bank for its American
Depositary Receipt (ADR) program.
BeiGene’s ADR program was established through its initial public
offering. The ADRs are listed on the NASDAQ under the symbol “BGNE.”
Each ADR represents 13 ordinary shares. As a single-listed ADR program,
the underlying ordinary shares are not listed or publicly traded in the
issuer’s home market.
“Citi is proud to be selected as depositary bank for BeiGene’s ADR
program,” said Dirk Jones, Head of Global Issuer Services at Citi. “Citi
is committed to providing BeiGene and its investors with the highest
quality ADR services.”
Citi is a leading provider of depositary receipt services. With
depositary receipt programs in 56 markets, spanning equity and
fixed-income products, Citi leverages its global network to provide
cross-border capital market access to issuers, intermediaries and
investors.
For more information about Citi’s Depositary Receipt Services, please
visit www.citi.com/dr.
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
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