Deutsche Bank today announced its appointment as successor depositary bank for the sponsored Level I American Depositary Receipt (ADR) program of Australia-based Senex Energy Limited (Senex).
Senex (ASX: SXY) is an S&P/ASX 200 energy company with a diversified portfolio of oil and gas assets in Australia’s Cooper, Eromanga and Surat Basins. The company is an experienced operator in Australia’s oil and gas industry. Senex is an early mover in Australia's unconventional gas industry and holds a sizable acreage position in Australia's largest onshore energy precinct - the Cooper Basin. In addition to its South Australian interests, Senex holds valuable coal seam gas acreage in the liquefied natural gas feedstock area of Queensland’s Surat Basin. Senex employs more than 160 people, with headquarters in Brisbane and offices in Adelaide as well as the Cooper and Eromanga Basins.*
Edwin Reyes, Global Head of Depositary Receipts at Deutsche Bank, said, “We are delighted to be the successor depositary bank of choice for Senex’s ADR program. Deutsche Bank's range of customized ADR-related services will be utilized to assist Senex in enhancing its ADR program visibility and broadening its investor base."
*Source: Senex Energy Limited (September 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.