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Canberra, Nov 23, 2010 (ABN Newswire) - Electro Optic Systems Holdings Limited (
ASX:EOS) (PINK:EOPSF) today announces the launch of its American Depositary Receipt (ADR) program and quotation on the Over-The-Counter (OTC) market in the United States of America.
The primary benefit of establishing the program is to create a broader secondary market for EOS, particularly in the North America, thereby providing better access for American investors to deal in EOS securities and assist liquidity in EOS stock. The ADR's will be tradeable via licensed U.S. brokers in the ordinary course of trading.
EOS has appointed BNY Mellon as its authorised U.S. representative and Depositary Bank to establish and maintain the ADR facility. BNY Mellon is the leading depositary bank, managing substantially more sponsored Depositary Receipt programs than any other depositary bank in the world with Depositary Receipts issued for more than 2,100 programs and companies from 67 countries.
Particulars for the U.S. sponsored ADR program are as follows:
- Type of ADR Program: Level 1
- U.S. Exchange: OTC
- CUSIP Number: 28520B107
- ISIN Number: US28520B1070
- ADR Ticker Symbol: EOPSY
- ADR Effective Date: 22 November 2010
- Ratio (ADR:ORDINARY) 1:5
- Local Custodian: National Australia Bank Limited (ASX:NAB) (PINK:NABZY)
ASX:EOS) (PINK:EOPSF) today announces the launch of its American Depositary Receipt (ADR) program and quotation on the Over-The-Counter (OTC) market in the United States of America.The primary benefit of establishing the program is to create a broader secondary market for EOS, particularly in the North America, thereby providing better access for American investors to deal in EOS securities and assist liquidity in EOS stock. The ADR's will be tradeable via licensed U.S. brokers in the ordinary course of trading.
EOS has appointed BNY Mellon as its authorised U.S. representative and Depositary Bank to establish and maintain the ADR facility. BNY Mellon is the leading depositary bank, managing substantially more sponsored Depositary Receipt programs than any other depositary bank in the world with Depositary Receipts issued for more than 2,100 programs and companies from 67 countries.
Particulars for the U.S. sponsored ADR program are as follows:
- Type of ADR Program: Level 1
- U.S. Exchange: OTC
- CUSIP Number: 28520B107
- ISIN Number: US28520B1070
- ADR Ticker Symbol: EOPSY
- ADR Effective Date: 22 November 2010
- Ratio (ADR:ORDINARY) 1:5
- Local Custodian: National Australia Bank Limited (
ASX:NAB) (PINK:NABZY)| Tweet |
About Electro Optic Systems Holdings Limited
Electro Optic Systems Holdings Limited (EOS)(ASX:EOS) develops, manufactures and sells sophisticated aerospace technology with a wide range of applications through two business divisions - military and space.
EOS' remote weapon systems enable a weapon to be fired rapidly and accurately by a gunner safely relocated away from the weapon. Typically the technology is applied for mounting weapons on the top of an armoured vehicle, and the gunner inside the vehicle. EOS remote weapon systems have been produced in significant numbers for US Army, NATO forces, Australia, and other countries around the world.
EOS' space division is as a manufacturer of telescopes and technology to support space surveillance and space debris management, including removal. In space surveillance, EOS's laser tracking systems and computer technology can simultaneously track tens of thousands of orbiting objects - as small as 2 cm in diameter -while its space ablation technology and systems can potentially alter the orbits of objects (e.g. satellites) in space
EOS has around 140 employees, based in Canberra (Australia), Tucson (Arizona), Singapore and Deggendorf (Germany). The company also has manufacturing centres in Queanbeyan and in Tucson, Arizona.
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