Deutsche Bank today announced its appointment as depositary bank for the non-capital raising sponsored Level I American Depositary Receipt (ADR) program of Clicks Group Limited (Clicks Group).
Clicks Group is a health and beauty focused retail and supply group which has been listed on the JSE Limited (Johannesburg Stock Exchange) since 1996. Through market-leading retail brands Clicks, Musica and The Body Shop, the group has over 600 stores across southern Africa. Clicks Group is a leader in the healthcare market where Clicks has the largest retail pharmacy chain with over 325 in-store dispensaries, as well as a direct-to-patient courier pharmacy service and South Africa's leading full-range national pharmaceutical wholesaler, United Pharmaceutical Distributors (UPD)*.
Edwin Reyes, Head of Depositary Receipts at Deutsche Bank, said, “We are delighted to be acting as depositary bank on this ADR transaction with Clicks Group. We look forward to providing this client with the highest level of service for their newly-launched program.”
*Source: Clicks Group Limited (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.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts