Husqvarna, a Sweden-based company, has appointed Citi Global Transaction Services business, acting through Citibank, as successor depositary for its sponsored level 1 American depositary receipt (ADR) programme. Husqvarna’s ADR programme trades in the over-the-counter (OTC) marketplace, with each ADR comprised of two ordinary shares.
Boel Sundvall, senior vice president corporate communications and investor relations (IR) of Husqvarna, 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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