Vienna Insurance Group (VIG) has selected BNY Mellon as the depositary bank for its American depositary receipt (ADR) program. Five ADRs of VIG represent one ordinary share. Previously, VIG’s program was unsponsored, serviced by over one depositary. The ADRs trade on the over-the-counter market, while VIG’s ordinary shares trade on the Vienna Stock Exchange.
Click here for the release from PR Newswire.