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Article: Delek Group Launches Sponsored ADR Program with Citi.
- Article from:
- Energy Weekly News
- Article date:
- November 6, 2009
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Delek Group (TASE: DLEKG), a leading Israeli energy and infrastructure group, (hereinafter "the Company" or "Delek Group") announced that it has launched a sponsored Level 1 American Depositary Receipt (ADR) program.
Citi's Global Transaction Services business, acting through Citibank N.A. has been appointed as the depositary bank for Delek's ADR programme and will become sponsor to what had previously been an unsponsored ADR program.
Delek Group's ADRs will trade in the OTCQX marketplace, a premier tier of the U.S. over-the-counter (OTC) market, under the symbol DGRLY. Delek's ordinary shares are listed on the Tel Aviv Stock Exchange (TASE) under the ...