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Citi appointed depositary for SEB’s ADR programme

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Citi, acting through Citibank N.A., has been appointed by Skandinaviska Enskilda Banken (SEB), a Nordic financial services group, as depositary bank for its sponsored Level 1 American Depositary Receipt (ADR) programme.

SEB’s ADR programme trades in the US over-the-counter (OTC) market, under the symbol SKVKY.
 
Each ADR represents one ordinary share.
 
SEB’s ordinary shares are listed and trade on the NASDAQ OMX Stockholm under the symbol “SEB A”.
 
Ulf Grunnesjö, SEB’s head of investor relations, says: “SEB has a substantial overseas investor base and we are excited about the prospect of working with Citi to gain further access to US investors through the ADR programme.”
 
Dirk Jones, global head of client sales management at Citi, says: “By establishing a sponsored level 1 ADR programme, SEB has signalled its commitment to securing further investment from US investors. We are very pleased to have been selected as depositary bank by SEB, and through our outstanding IR initiatives, we are confident that we can assist them in fulfilling the goals that they have set for the programme.”

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