NEW YORK and BUENOS AIRES,
Argentina, May 26, 2016 /PRNewswire/ -- BNY Mellon, a
global leader in investment management and investment services, has
been chosen by Grupo Supervielle
S.A. as depositary bank for the listing and offering of its
American depositary receipts (ADRs). The new listing marks the
first ADR capital raising by an Argentine company in 2016. Each
Grupo Supervielle ADR represents five class B shares and trades on
the New York Stock Exchange under the symbol 'SUPV.' The company's
ordinary class B shares trade on the MERVAL under the code
'SUPV.'
Grupo Supervielle S.A. is a
domestically-owned financial group based in Argentina. Controlled by the Supervielle
family, which entered the Argentine banking sector in 1887, the
company owns Banco Supervielle S.A., a bank with a primary
geographic presence in the City of Buenos
Aires, the Greater Buenos
Aires metropolitan area, Mendoza and San Luis.
"We look forward to working with BNY Mellon to develop our DR
program," said Alejandra Naughton,
chief financial officer of Grupo
Supervielle. "We selected the company because of its focus
on the depositary receipt market, and we expect our program to
benefit from its specialization and experience."
"As Grupo Supervielle strengthens its commitment to the U.S.
market with this year's first ADR capital raising by an Argentine
company, we'll work to deliver a suite of specialized resources to
support its expanded investor relations efforts," said Christopher Kearns, CEO of BNY Mellon's
Depositary Receipts business. "We welcome the opportunity to
assist Grupo Supervielle in raising
its international profile."
BNY Mellon now serves as depositary for 16 banks across
Latin America. In the second half
of 2015, the company announced that it had been chosen by both
Banco Santander Brasil and Banco Santander Chile as depositary for
their ADR programs.
BNY Mellon acts as depositary for more than 2,600 American and
global depositary receipt programs as of March 31, 2016. Acting in partnership with
leading companies from over 65 countries, BNY Mellon is committed
to helping securities issuers access the world's rapidly evolving
financial markets and delivers a comprehensive suite of depositary
receipt services. Learn more at www.bnymellon.com/dr.
BNY Mellon is a global investments company dedicated to helping
its clients manage and service their financial assets throughout
the investment lifecycle. Whether providing financial services for
institutions, corporations or individual investors, BNY Mellon
delivers informed investment management and investment services in
35 countries and more than 100 markets. As of March 31, 2016, BNY Mellon had $29.1 trillion in assets under custody and/or
administration, and $1.6 trillion in
assets under management. BNY Mellon can act as a single point of
contact for clients looking to create, trade, hold, manage,
service, distribute or restructure investments. BNY Mellon is the
corporate brand of The Bank of New York Mellon Corporation (NYSE:
BK). Learn more at www.bnymellon.com. Follow us on Twitter
@BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for
the latest company news.
This release is for informational purposes only. BNY 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. BNY Mellon provides no advice nor recommendations or
endorsement with respect to any company, security or products based
on any index licensed by BNY Mellon, and we make no representation
regarding the advisability of investing in the same.
Contact:
Joseph F. Ailinger
Jr
+1
617-722-7571
joe.ailinger@bnymellon.com
Katia
Oliveira
+55 11 3050-8320
katia.oliveira@bnymellon.com.br
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SOURCE BNY Mellon