Ahold, an international food retailing group based in the Netherlands, has appointed Citi’s Global Transaction Services (GTS) business, acting through Citibank NA, as the successor depositary bank for its sponsored Level 1 American Depositary Receipt (ADR) programme. Ahold’s ADRs, which currently trade in the over-the-counter (OTC) market, will trade in the OTCQX marketplace under the symbol AHONY. Ahold’s ordinary shares are listed on the Euronext’s Amsterdam Stock Exchange. Each ordinary share is represented by one ADR.
Henk Jan ten Brinke, vice president investor relations of Ahold, said: “We are pleased with the appointment of Citi as our new ADR depositary and look forward to working closely with them to add continued value both to our existing and potential shareholders in the US.”
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