The Bank of New York Mellon Appointed Successor Depositary Bank by Komatsu Ltd.
02 Octubre 2008 - 7:00AM
PR Newswire (US)
NEW YORK, Oct. 2 /PRNewswire-FirstCall/ -- The Bank of New York
Mellon, the global leader in asset management and securities
servicing, has been selected by Komatsu Ltd. (Komatsu) as successor
depositary bank for its American depositary receipt (ADR) program.
Each Komatsu ADR represents four common shares. The ADRs trade on
the over-the-counter market under the symbol "KMTUY." The common
shares trade on the Tokyo Stock Exchange under the code "6301."
Komatsu Ltd. is one of the leading Japanese companies in
construction and mining equipment and industrial machinery. It
offers a broad array of construction and mining equipment, ranging
from large machines for mining applications to mini units for urban
use. Komatsu is also engaged in the manufacture of industrial
machinery and vehicles. "We are delighted that an issuer as
experienced as Komatsu has selected us as depositary bank," said
Michael Cole-Fontayn, chief executive officer of The Bank of New
York Mellon's Depositary Receipt Division. "Our extensive
experience working with Japanese clients and our specialized market
outreach services will enable us to support Komatsu's efforts to
expand its global profile." The Bank of New York Mellon acts as
depositary for more than 1,300 sponsored American and global
depositary receipt programs, acting in partnership with leading
companies from 64 countries. With an unrivaled commitment to
helping securities issuers succeed in the world's rapidly evolving
financial markets, the Company delivers the industry's most
comprehensive suite of integrated depositary receipt, corporate
trust and stock transfer services. Additional information is
available at http://www.bnymellon.com/dr. The Bank of New York
Mellon Corporation (NYSE:BK) is a global financial services company
focused on helping clients manage and service their financial
assets, operating in 34 countries and serving more than 100
markets. The company is a leading provider of financial services
for institutions, corporations and high net-worth individuals,
providing superior asset management and wealth management, asset
servicing, issuer services, clearing services and treasury services
through a worldwide client-focused team. It has more than $23
trillion in assets under custody and administration, more than $1.1
trillion in assets under management and services $12 trillion in
outstanding debt. Additional information is available at
bnymellon.com. This release is for informational purposes only. The
Bank of New York Mellon provides no advice nor recommendation or
endorsement with respect to any company or securities. Nothing
herein shall be deemed to constitute an offer to sell or a
solicitation of an offer to buy securities. Depositary Receipts:
Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank,
State or Federal Agency Guarantee. DATASOURCE: The Bank of New York
Mellon Corporation CONTACT: Dori Flanagan, +1-212-815-2291, , or
Joe Ailinger, +1-617-722-7571, , both of The Bank of New York
Mellon Corporation Web Site: http://www.bnymellon.com/
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