Deutsche Bank as been appointed as the depositary bank for the San Leon Energy receipt programme.
Deutsche Bank will act as the depositary bank for the non-capital raising sponsored Level I American Depositary Receipt (ADR) programme of San Leon Energy.
San Leon is an international group of companies focused on the exploration and production of oil and gas projects in Europe and North Africa.
The company states that its objective is to differentiate itself from other oil and gas exploration companies by becoming a producer quickly and being recognized as a proactive, energetic and self-supporting entity.
Akbar Poonawala, head of global equity services at Deutsche Bank, said: “We are pleased to be appointed as depositary bank for San Leon.
"Deutsche Bank’s range of ADR related services will be utilized to assist San Leon in enhancing its ADR programme visibility and broadening its investor base.”
