Gameloft, a leading global publisher of digital and social games, announces today that it has implemented a Sponsored Level I American Depositary Receipt (ADR) in the United States and has appointed Deutsche Bank as the depositary bank for this program.
Gameloft’s ADRs will trade starting October 27th on the over-the-counter market in the United States. Under the program, each ADR is represented by four Gameloft ordinary shares. The company’s ordinary shares are listed on Compartment B on Euronext Paris under the symbol GFT.
“Since its creation in 2000 Gameloft has been highly committed to becoming a global player with a significant presence in the US, the largest market in the world for digital and social games. Today, close to 30% of the Group’s sales are generated in North America and a significant proportion of the company’s shares are held by US investors. It only seemed natural for Gameloft to offer US investors the opportunity to participate even more in the future of our Company and to improve the visibility of its stock in the US“, said Alexandre de Rochefort, Senior Vice President, Chief Financial Officer of Gameloft.
Akbar Poonawala, Head of Global Equity Services at Deutsche Bank said, “We are delighted to be appointed as the depositary bank for Gameloft’s Sponsored ADR program. We look forward to working with Gameloft in the management of its program and are pleased to expand our portfolio of French ADR issuers.”
For more information, please visit our website at www.gameloft.com.
