NEW YORK, Feb. 14, 2011 /PRNewswire/ -- BNY Mellon, the global leader in asset management and securities servicing, has been appointed as successor depositary bank by AIXTRON SE (AIXTRON) for the company's American depositary receipt (ADR) program. Each AIXTRON ADR represents one ordinary share and trades on the NASDAQ Stock Market under the symbol "AIXG." AIXTRON's ordinary shares trade in the Prime Standard of the Frankfurt Stock Exchange under the symbol "AIXA."
AIXTRON is a provider of deposition equipment to the semiconductor industry. AIXTRON's technology solutions are used by a diverse range of customers worldwide to build advanced components for electronic and opto-electronic applications based on compound, silicon, or organic semiconductor materials. Such components are used in fiber optic communication systems, wireless and mobile telephony applications, optical and electronic storage devices, computing, signaling and lighting, as well as a range of other leading-edge technologies. Founded in 1983, AIXTRON is headquartered in Herzogenrath, Germany.
"We recently completed our conversion into a European Company (SE) in order to highlight our international orientation with a European base," said Wolfgang Breme, AIXTRON's chief financial officer. "In switching depositary banks to BNY Mellon, we strongly believe that we have a partner who can help us further strengthen our U.S. shareholder base, as well as increase visibility of our DR program. Plus, as the only depositary bank with an integrated stock transfer business, BNY Mellon will be able to provide best-in-class service to our DR holders."
"As successor depositary bank, we'll work closely with AIXTRON to broaden its outreach to global investor audiences, drawing upon our wide range of specialized services and resources to help it achieve this goal," said Michael Cole-Fontayn, chief executive officer of BNY Mellon's Depositary Receipts business.
BNY Mellon works with some of the largest German companies in the world and serves as depositary for nearly half of the DAX-listed firms with a sponsored DR program.
BNY Mellon acts as depositary for more than 2,100 American and global depositary receipt programs, acting in partnership with leading companies from 67 countries. With an unrivaled commitment to helping securities issuers succeed in the world's rapidly evolving financial markets, the company delivers the industry's most comprehensive suite of integrated depositary receipt, corporate trust and stock transfer services. Learn more at www.bnymellon.com/dr.
BNY Mellon (NYSE: BK) is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $25.0 trillion in assets under custody and administration and $1.17 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Learn more at www.bnymellon.com.
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