Deutsche Bank Appointed as Successor Depositary Bank for the Level I American Depositary Receipt Program of Petroleum Geo-Services ASA
NEW YORK & OSLO, Norway--(BUSINESS WIRE)-- Deutsche Bank today announced its appointment as the successor depositary bank for the Level I American Depositary Receipt (ADR) program of Petroleum Geo-Services ASA (PGS).
PGS is a focused marine geophysical company providing a broad range of seismic and reservoir services, including acquisition, processing, interpretation, and field evaluation. The Company's MultiClient data library is among the largest in the seismic industry, with modern 3D coverage in all significant offshore hydrocarbon provinces of the world. PGS operates on a worldwide basis with headquarters at Lysaker (Oslo) Norway, and with other regional centers in London, Houston and Singapore. The PGS share is listed on the Oslo stock exchange (OSE: PGS).*
Edwin Reyes, Head of Depositary Receipts at Deutsche Bank, said, "We welcome PGS to our depositary receipts platform. This notable mandate demonstrates Deutsche Bank's commitment to Norway and we are pleased to utilize our broad range of customized services to assist PGS in enhancing the visibility of its ADR program with the investor community."
*Source: Petroleum Geo-Services ASA (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
Deutsche Bank AG
Press & Media Relations
Duncan King, +1-212-250-4864
KEYWORDS: United States Europe North America Norway New York
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