NEW YORK & HONG KONG & SYDNEY--(BUSINESS WIRE)-- Deutsche Bank today announced its appointment as the depositary bank for the non-capital raising sponsored Level I American Depositary Receipt (ADR) program of Liquefied Natural Gas Limited (LNG Ltd).
LNG Ltd (OTC US: LNGLY) is an Australian company listed on the Australian Securities Exchange. LNG Ltd is primarily engaged in the identification and progression of opportunities for the development of liquefied natural gas (LNG) projects and the company’s vision is to bring a dynamic concept of mid-scale LNG plants to the international energy market. LNG Ltd’s projects include the development of its 100% owned 8 million metric tons per annum (mtpa) Magnolia LNG Project in the Port of Lake Charles, Louisiana, and 100% owned 3 mtpa Gladstone LNG Project in the Port of Gladstone, Queensland, Australia. LNG Ltd is also pursuing other global mid-scale LNG project opportunities, with all projects to include LNG Ltd’s 100% owned OSMR® LNG process technology, featuring a lower capital cost, lower emissions and higher efficiency rating than traditional LNG processes. LNG Ltd is headquartered in Perth, Western Australia, with an office in Houston, Texas and Lake Charles, Louisiana.*
Naomi Flutter, Head of Global Transaction Banking - Australia & New Zealand at Deutsche Bank said, “We are delighted to be acting as depositary bank on this ADR transaction with Liquefied Natural Gas Limited. This demonstrates Deutsche Bank’s commitment to ADR issuers in Australia and we look forward to providing this client with the highest level of service for their newly-launched program."
*Source: Liquefied Natural Gas Limited (January 2014)
About Deutsche Bank Trust & Securities Services
Deutsche Bank’s Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of financial structures and transactions. It is a leading depositary for American and Global Depositary Receipts, providing value-added services to companies raising capital in international markets or listing on the New York, NASDAQ, London, Luxembourg, Singapore or NASDAQ Dubai stock exchanges by means of depositary receipts. It also offers both mutual and alternative fund administration and provides securities custody, clearing and agency lending services from a global network spanning more than 30 markets. Additional details are available on www.adr.db.com or www.tss.db.com.
This announcement appears as a matter of record only. This announcement has been approved and/or communicated by Deutsche Bank AG New York.
American Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the "Act"). The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Conduct Authority. This notice has been approved and/or communicated by Deutsche Bank AG New York. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant or in any way represent, as to the accuracy or completeness of the details contained herein or therein. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© January 2014 Deutsche Bank AG. All rights reserved.
Source: Deutsche Bank