CITI APPOINTED SUCCESSOR DEPOSITARY FOR AHOLD’S SPONSORED ADR PROGRAM
New York - July 6, 2010 – Citi’s Global Transaction Services business, acting through Citibank N.A., has been appointed by Ahold (Koninklijke Ahold, N.V.), a Netherland’s based company, as the successor depositary bank for its sponsored Level 1 American Depositary Receipt (ADR) program. Ahold’s ADRs which currently trade in the over-the-counter (OTC) market through www.pinksheets.com will trade in the OTCQX marketplace, a premier tier of the U.S. OTC market, under the symbol AHONY. Ahold’s ordinary shares are listed on the Euronext’s Amsterdam Stock Exchange. Each ordinary share is represented by 1 ADR.
Henk Jan ten Brinke, Vice President Investor Relations of Ahold commented, "We are pleased with the appointment of Citi as our new ADR depositary and look forward to working closely with them to add continued value both to our existing and potential shareholders in the U.S."
"We’re extremely pleased that Ahold has chosen Citi as successor depositary to their ADR program." said Nancy Lissemore, Global Head of Depositary Receipt Services at Citi. By leveraging our unparalleled global distribution network and liquidity management services, we’re confident that we can help Ahold increase their program visibility in the market.
For more information on Citi’s Depositary Receipt Services, visit www.citi.com/dr.
Ahold is an international food retailing group based in the Netherlands, operating leading supermarket companies in Europe and the United States. Ahold’s supermarkets are powerful local brands with a strong focus on the customer, offering great value, a convenient and innovative shopping experience and a wide range of products and healthy choices. At the end of 2009, Ahold had 2,909 stores, 206,000 employees and total sales of £28 billion.
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.
About Global Transaction Services
Global Transaction Services, a division of Citigroup’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 100 countries, Citigroup’s Global Transaction Services supports over 65,000 clients. As of the first quarter of 2010, it held on average $319 billion in liability balances and $11.8 trillion in assets under custody.