BNY Mellon Appointed as Depositary Bank by Polymetal International PLC
NEW YORK, Aug. 27, 2013 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, has been appointed by Polymetal International PLC as depositary bank for its American Depositary Receipt (ADR) program. Each Polymetal ADR represents one ordinary share and trades on the U.S. over-the-counter market under the symbol "AUCOY." Polymetal's ordinary shares trade on the London Stock Exchange and Moscow Exchange under the symbol "POLY."
Polymetal, a leading gold and silver producer in Russia and a leading gold producer in Kazakhstan, develops new mines, restarts inactive operations, and acquires operating mines as it seeks to grow reserves.
"Polymetal's decision to establish its DR program with BNY Mellon is an acknowledgement of our track record in working with clients to diversity their shareholder base and attract more global investors," said Christopher M. Kearns, CEO of BNY Mellon's Depositary Receipts business.
BNY Mellon acts as depositary for more than 2,700 American and global depositary receipt programs, acting in partnership with leading companies from 68 countries. BNY Mellon is committed to helping securities issuers access the world's rapidly evolving financial markets and delivers a comprehensive suite of depositary receipt services. Learn more at www.bnymellon.com/dr
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of June 30, 2013, BNY Mellon had $26.2 trillion in assets under custody and/or administration, and $1.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn more on www.bnymellon.com, or follow us on Twitter @BNYMellon.
This release is for informational purposes only. BNY Mellon provides no advice nor recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities. Depositary Receipts: Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank, State or Federal Agency Guarantee.
SOURCE BNY Mellon