Deutsche Bank has been appointed to act as depository bank for the American depository receipt (ADR) programme of Transpacific Industries Group Limited.
The sponsored level one ADR is a non-capital raising programme for Australian waste management service provider and ASX top 100 listed company, Transpacific.
Transpacific services clients from more than 200 sites and depots, and has more than 45 resource recovery, recycling and baling facilities across Australia, as well as 50 technical treatment and processing plants.
Deutsche Bank’s depository receipts team is part of the issuer services business within that bank’s institutional cash and securities services unit.
Naomi Flutter, head of global transaction banking for Deutsche Bank in Australia and New Zealand, said: “We are delighted to welcome Transpacific as a valued client of Deutsche Bank’s depository receipts business. Our broad range of customised services will be used to assist Transpacific in enhancing the visibility of its ADR programme within the investor community."
