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» Home » Media Center » News » Corporate » WEG establishes level I ADR program

October 22, 2010 / Corporate

WEG establishes level I ADR program

WEG has recently announced the establishment of a sponsored level 1 depositary receipt (DR) program representing the Company's shares ("Program").

The ADRs will trade on the over-the-counter (OTC) market, in the United States of America, under the symbol WEGZY. The program does not represent an increase of the share capital or the issuance of new shares. Each ADR represents one common share of WEG. JPMorgan Chase Bank, NA is acting as depositary bank for the program.

Laurence Beltrão Gomes, Finance and Investor Relations Officer, stated: "The sponsored ADR program is another option for international investors interested in becoming shareholders of WEG. Our main goal is to provide greater liquidity and visibility for the company shares. Level 1 ADRs are traditional instruments used by some of the world's largest companies, and will contribute to allow us to achieve our goal over time. "

ADRs are certificates tradable in the US securities’ markets and that represent the ownership in the shares of a company incorporated outside the U.S. ADRs are quoted and traded in US dollars and dividends are also paid in the same currency. ADRs were created to facilitate the trading of shares of these non-U.S. companies by investors in the US markets

Further information about WEG’s sponsored level 1 ADR program can be found in Notice to the Market, available on the investor relations page: www.weg.net/ir

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