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Slovenian State-Owned Bank NLB Appoints BNY Mellon Depositary in Groundbreaking Slovenian Global Depositary Receipt Program to Trade on the London Stock Exchange

Bank of New York Mellon Corp (BK)  More Company Research Source: PR Newswire
Last bank of new york mellon corp earnings: 10/18 06:30 am Check Earnings Report
PDF NEW YORK, Nov. 14, 2018 /PRNewswire/ -- BNY Mellon has been appointed by Nova Ljubljanska bank d.d., Ljubljana (NLB) as the depositary bank for its Depositary Receipt program. The program will be denominated in Euros while trading on the London Stock Exchange. The Global Depositary Receipts program will be Slovenia's only active DR program. Earlier offerings had been in the form of American Depositary Receipts.In the offering, 84% of shares will be via GDRs, or 54,998,830 GDRs, equivalent to 10,999,766 shares. The total offering including over-allotment is 13,000,000 shares. Each GDR represents five shares which are traded on the Ljubljana stock exchange. GDRs will trade in London under the symbol NLB. At an offering price of price of Euro 10.30, the total GDR offering will amount to €567MM. NLB is a financial and banking group headquartered in Slovenia with a network of branches across Slovenia, Bosnia and Herzegovina, Kosovo, Macedonia, Montenegro, and Serbia. It leads in market sha [Read more]

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