Deutsche Bank today announced its appointment as successor depositary bank for the sponsored Level I American Depositary Receipt (ADR) program of the Netherlands-based Koninklijke KPN N.V. (KPN).
KPN is the leading telecommunications and information and communications technology (ICT) provider in the Netherlands offering wired and wireless telephony, broadband and TV to consumers and end-to-end telecom and ICT services to business customers. In Germany and Belgium, KPN provides wireless operations and offers mobile telephony products and services to retail customers through E-Plus and BASE Company, respectively. KPN operates an IP-based infrastructure with global scale in international wholesale through iBasis.*
Edwin Reyes, Global Head of Depositary Receipts at Deutsche Bank said, “We are delighted to be appointed as the successor depositary bank for KPN’s ADR program. We look forward to adding KPN to our roster of Western European clients and providing KPN with the highest level of service for its ADR program."
*Source: Koninklijke KPN N.V. (June 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.