NEW YORK & HONG KONG & SYDNEY—(BUSINESS WIRE)—Deutsche Bank today announced its appointment as depositary bank for the non-capital raising sponsored Level I American Depositary Receipt (ADR) program of New Zealand-based Auckland International Airport Limited.
Auckland International Airport Limited (OTC US: AUKNY) owns and operates Auckland Airport, Australasia’s third busiest international airport, handling over 15 million passengers a year and serving more than 20 international airlines. Over 75% of international visitors entering New Zealand use this airport. For the fiscal year ended June 30, 2014, the company’s total profit after tax was NZD 215.9 million. Headquartered in Auckland, New Zealand, the company is listed on the New Zealand and the Australian Stock Exchanges.*
Naomi Flutter, Head of Global Transaction Banking – Australia & New Zealand at Deutsche Bank, said: “Winning the depositary mandate for Auckland Airport’s ADR program represents the recognition of Deutsche Bank’s superior client servicing capabilities. This also marks our first sponsored ADR program in New Zealand. By leveraging our customized value-added services, Auckland Airport will be able to enhance its investor relations strategies and shareholder bases."
*Source: Auckland International Airport Limited (October 2014)
This announcement appears as a matter of record only. This announcement has been approved and/or communicated by Deutsche Bank AG New York.