Depositary receipts

Citi Appointed Depositary Bank for Burning Rock Biotech Limited’s Sponsored ADR Program

Retrieved on: 
Wednesday, June 17, 2020
Oncology, Professional services, Health, Finance, General Health, Banking, Biotechnology, Finance, Financial markets, Depositary receipts, Equity securities, Money, American depositary receipt, Citibank, ADR, Citigroup

Citis Issuer Services, acting through Citibank, N.A., has been appointed by Burning Rock Biotech Limited (Burning Rock Biotech), a company focused on the application of next generation sequencing (NGS) technology in the field of precision oncology, as the depositary bank for its American Depositary Receipt (ADR) program.

Key Points: 
  • Citis Issuer Services, acting through Citibank, N.A., has been appointed by Burning Rock Biotech Limited (Burning Rock Biotech), a company focused on the application of next generation sequencing (NGS) technology in the field of precision oncology, as the depositary bank for its American Depositary Receipt (ADR) program.
  • Each ADR represents one Class A ordinary share of Burning Rock Biotech.
  • As a single-listed ADR program, the underlying Class A ordinary shares are not listed or publicly traded in the issuers home market.
  • Citi is committed to providing Burning Rock Biotech and its investors with the highest quality ADR services, and our selection as depositary bank for the companys ADR program underscores the depth and breadth of Citis cross-border capabilities, said Dirk Jones, Head of Global Issuer Services at Citi.

Citi Appointed as Depositary Bank for China Pacific Insurance’s GDR Program, the Second Shanghai-London Stock Connect GDR Program

Retrieved on: 
Wednesday, June 17, 2020
General Health, Finance, Banking, Health, Professional services, Financial markets, Finance, Money, Stock market, Equity securities, Economy of London, Depositary receipts, London Stock Exchange, Shanghai Stock Exchange, Ticker symbol, Stock, Global depository receipt

The GDRs are listed on the Shanghai-London Stock Connect (SLSC) segment of the Main market of the London Stock Exchange (LSE) under the symbol CPIC.

Key Points: 
  • The GDRs are listed on the Shanghai-London Stock Connect (SLSC) segment of the Main market of the London Stock Exchange (LSE) under the symbol CPIC.
  • CPICs A shares are listed and traded on the Shanghai Stock Exchange (SSE) under the stock code 601601.
  • As the second program, CPIC successfully listed on the London Stock Exchange on the first anniversary of the SLSC formation.
  • We are truly grateful to be appointed as the Depositary Bank for CPICs LSE Listed GDR Program and its our honor to be the depositary bank for both SLSC GDR programs, said Dirk Jones, Head of Global Issuer Services at Citi.

Triumph Bancorp Announces Pricing of Offering of Series C Preferred Stock Depositary Shares

Retrieved on: 
Tuesday, June 16, 2020
Financial markets, Finance, Equity securities, Financial economics, Corporate finance, Stock market, Stock, NASDAQ, Preferred stock, Depositary receipts

DALLAS, June 16, 2020 (GLOBE NEWSWIRE) -- Triumph Bancorp, Inc. (Nasdaq: TBK) (the Company) announced the pricing of its underwritten public offering (the Offering) of1,800,000 depositary shares, each of which represents a 1/40th interest in a share of its7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock, $1,000 liquidation preference per share (equivalent to $25.00 per depositary share), for gross proceeds of $45.0 million.

Key Points: 
  • DALLAS, June 16, 2020 (GLOBE NEWSWIRE) -- Triumph Bancorp, Inc. (Nasdaq: TBK) (the Company) announced the pricing of its underwritten public offering (the Offering) of1,800,000 depositary shares, each of which represents a 1/40th interest in a share of its7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock, $1,000 liquidation preference per share (equivalent to $25.00 per depositary share), for gross proceeds of $45.0 million.
  • The Company expects to close the offering, subject to customary conditions, on or about June 19, 2020.
  • We have filed an application to list the depositary shares on the Nasdaq Global Select Market (Nasdaq) under the symbol TBKCP.
  • If the application is approved, trading of the depositary shares on Nasdaq is expected to begin within 30 days after the closing date.

PHOENIX TREE HOLDINGS LIMITED CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York against Phoenix T

Retrieved on: 
Tuesday, June 16, 2020
Depositary receipts, Equity securities, American depositary receipt, ADSS, Security

All investors who purchased American Depositary Shares (ADSs) of Phoenix Tree Holdings Limited and incurred losses are urged to contact the firm immediately at [email protected] or (800) 575-0735 or (212) 545-4774.

Key Points: 
  • All investors who purchased American Depositary Shares (ADSs) of Phoenix Tree Holdings Limited and incurred losses are urged to contact the firm immediately at [email protected] or (800) 575-0735 or (212) 545-4774.
  • You may obtain additional information concerning the action or join the case on our website, www.whafh.com.
  • Please contact Wolf Haldenstein to learn more about your rights as an investor in the shares of Phoenix Tree Holdings Limited.
  • Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.

FNJN, GRUB, TERP, and WLTW SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Mergers

Retrieved on: 
Tuesday, June 16, 2020
Financial markets, Grubhub, Online food ordering, Corporate finance, Depositary receipts, Willis Towers Watson, Companies, American depositary receipt, Finjan, Willis Group

Shareholders of Finjan will receive $1.55 in cash for each share of Finjan owned.

Key Points: 
  • Shareholders of Finjan will receive $1.55 in cash for each share of Finjan owned.
  • To learn more about this investigation and your rights, visit: https://www.rigrodskylong.com/cases-finjan-holdings-inc .
  • Shareholders of Grubhub will receive American depository receipts (ADRs), representing 0.6710 Just Eat ordinary shares for each share of Grubhub owned.
  • Shareholders of Willis Towers Watson will receive 1.08 shares of Aon plc for each share of Willis Towers Watson owned.

HMS Group: Management increases its share

Retrieved on: 
Tuesday, June 16, 2020
HMS Group, Economy, Depositary receipts, Finance, London Stock Exchange, Global depository receipt, Depositary, London

Inna Kelekhsaeva, Deputy Head of Capital markets, on telephone: +7 (495) 730-6601, or email: [email protected]

Key Points: 
  • Inna Kelekhsaeva, Deputy Head of Capital markets, on telephone: +7 (495) 730-6601, or email: [email protected]
    HMS Group is the leading pump and compressor manufacturer, as well as provider of flow control solutions and related services for the oil and gas, petrochemistry, nuclear and thermal power generation, water and wastewater sectors in Russia and the CIS headquartered in Moscow, Russia.
  • HMS Group's products are mission-critical elements of projects across a diverse range of industries.
  • HMS has a listing on the London Stock Exchange in the form of global depositary receipts (LSE: HMSG).
  • Information published in press releases was accurate at the time of publication but may be superseded by subsequent releases or other information.

Citigroup Notifies That Stabilization Measures Have Been Undertaken in Calliditas Therapeutics' ADSs Traded on The Nasdaq Global Select Market

Retrieved on: 
Saturday, June 13, 2020
Finance, Financial markets, Economy of New York City, Depositary receipts, American depositary receipt, NASDAQ, ADSS, Citigroup

STOCKHOLM, June 13, 2020 /PRNewswire/ -- Citigroup Global Markets Inc. ("Citigroup"), in its capacity as Joint Global Coordinator, notifies that stabilization measures have been undertaken in Calliditas Therapeutics AB's ("Calliditas" or the "Company") American Depositary Shares ("ADSs"), traded on The Nasdaq Global Select Market.

Key Points: 
  • STOCKHOLM, June 13, 2020 /PRNewswire/ -- Citigroup Global Markets Inc. ("Citigroup"), in its capacity as Joint Global Coordinator, notifies that stabilization measures have been undertaken in Calliditas Therapeutics AB's ("Calliditas" or the "Company") American Depositary Shares ("ADSs"), traded on The Nasdaq Global Select Market.
  • Stabilization transactions may be undertaken on The Nasdaq Global Select Market, in the over-the-counter market or otherwise, at any time during the period starting on the day of pricing of the ADSs on The Nasdaq Global Select Market, 4 June 2020, and ending no later than 30 calendar days thereafter.
  • Citigroup is, however, not required to undertake any stabilization and there is no assurance that stabilization will be undertaken.
  • Citigroup has, in its capacity as stabilization manager, notified in accordance with article 5(4) in the Market Abuse Regulation 596/2014 that stabilization measures has been undertaken, in accordance with Reg M, Rule 104 of the U.S. Securities Act of 1933, as amended, on The Nasdaq Global Select Market as specified below.

Citigroup Notifies That Stabilization Measures Have Been Undertaken in Calliditas Therapeutics' ADSs Traded on The Nasdaq Global Select Market

Retrieved on: 
Saturday, June 13, 2020
Finance, Financial markets, Economy of New York City, Depositary receipts, American depositary receipt, NASDAQ, ADSS, Citigroup

STOCKHOLM, June 13, 2020 /PRNewswire/ -- Citigroup Global Markets Inc. ("Citigroup"), in its capacity as Joint Global Coordinator, notifies that stabilization measures have been undertaken in Calliditas Therapeutics AB's ("Calliditas" or the "Company") American Depositary Shares ("ADSs"), traded on The Nasdaq Global Select Market.

Key Points: 
  • STOCKHOLM, June 13, 2020 /PRNewswire/ -- Citigroup Global Markets Inc. ("Citigroup"), in its capacity as Joint Global Coordinator, notifies that stabilization measures have been undertaken in Calliditas Therapeutics AB's ("Calliditas" or the "Company") American Depositary Shares ("ADSs"), traded on The Nasdaq Global Select Market.
  • Stabilization transactions may be undertaken on The Nasdaq Global Select Market, in the over-the-counter market or otherwise, at any time during the period starting on the day of pricing of the ADSs on The Nasdaq Global Select Market, 4 June 2020, and ending no later than 30 calendar days thereafter.
  • Citigroup is, however, not required to undertake any stabilization and there is no assurance that stabilization will be undertaken.
  • Citigroup has, in its capacity as stabilization manager, notified in accordance with article 5(4) in the Market Abuse Regulation 596/2014 that stabilization measures has been undertaken, in accordance with Reg M, Rule 104 of the U.S. Securities Act of 1933, as amended, on The Nasdaq Global Select Market as specified below.

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against iQIYI, Inc. (IQ)

Retrieved on: 
Friday, June 12, 2020
Legal, Professional services, Financial markets, Corporate finance, Equity securities, Depositary receipts, Financial economics, American depositary receipt, Initial public offering, Lluís Companys, iQiyi, ADSS

On March 29, 2018, iQIYI conducted its initial public offering (IPO), issuing 125,000,000 American Depositary Shares (ADSs) priced at $18.00 per share.

Key Points: 
  • On March 29, 2018, iQIYI conducted its initial public offering (IPO), issuing 125,000,000 American Depositary Shares (ADSs) priced at $18.00 per share.
  • On this news, the Companys share price fell $0.79, or over 4%, to close at $16.51 per share on April 8, 2020, thereby injuring investors.
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

GRUBHUB ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of GRUB and Encourages Investors to Contact the Firm

Retrieved on: 
Thursday, June 11, 2020
Online food ordering, Financial markets, Equity securities, Corporate finance, Financial economics, Depositary receipts, Grubhub, American depositary receipt, Takeaway.com, Stock market, Just Eat, Security

On June 10, 2020, Grubhub announced that it had signed an agreement to be acquired by Just Eat Takeaway.com for approximately $7.3 billion.

Key Points: 
  • On June 10, 2020, Grubhub announced that it had signed an agreement to be acquired by Just Eat Takeaway.com for approximately $7.3 billion.
  • Pursuant to the merger agreement, Grubhubs stockholders will receive American depository receipts (ADRs) representing 0.6710 shares of Just Eat Takeaway.com ordinary shares for each Grubhub share owned.
  • Bragar Eagel & Squire is concerned that Grubhubs board of directors oversaw an unfair process and ultimately agreed to an inadequate deal price.
  • The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.