Citi, acting through Citibank N.A., has been appointed by Accor SA (“Accor”) to act as successor depositary bank for its Sponsored Level 1 American Depositary Receipt (“ADR”) programme.
Accor’s American Depositary Shares (“ADS”) trade on the OTC Market under the ticker “ACCYY”. Each ordinary share is represented by five ADSs. Accor’s underlying ordinary shares are listed and trade on the Euronext Paris Stock Exchange under the ticker “AC”.
Commenting on the appointment, Dirk Jones, Global Head of Issuer Services, at Citi said: “We look forward to supporting Accor’s ADR programme and further develop the company’s investor outreach through the expertise of our leading Investor Relations Advisory team and the breadth of our global equity distribution network.”