Deutsche Bank today announced its appointment as depositary bank for the non-capital raising sponsored Level I American Depositary Receipt (ADR) program of Vodacom Group Limited (Vodacom).
Vodacom is an African mobile communications company providing voice, messaging, data and converged services to more than 50 million customers. From its roots in South Africa, it has grown its operations to include networks in Tanzania, the Democratic Republic of Congo, Mozambique and Lesotho. It also offers business managed services to enterprises in over 40 countries across Africa. Vodacom is majority owned by Vodafone, one of the world's largest mobile communications companies by revenue. The company is listed on the JSE Limited and its head office is in Johannesburg, South Africa.*
Edwin Reyes, Global Head of Depositary Receipts at Deutsche Bank, said, “We are delighted to be acting as depositary bank on this ADR transaction with Vodacom. We look forward to providing this client with the highest level of service for their newly-launched program.”
*Source: Vodacom Group Limited (July 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.