BNY Mellon named as depositary by Groupe Gorge
BNY Mellon has been appointed by Groupe Gorge as depositary bank for its American depositary receipt (ADR) programme.
Each Groupe Gorge ADR represents one ordinary share and trades over-the-counter under the symbol GGRGY.
Groupe Gorge's ordinary shares trade on NYSE Euronext under the symbol GOE.
Established in 1990, Paris-based Groupe Gorge is an industrial group operating in four major business areas: intelligent safety systems used for work in risky environments; nuclear protection environments used to secure people and buildings housing radioactive materials; industrial projects and services; and 3D Printing, which provides systems, printers and material.
The company employs about 1,300 people and operates in more than 10 countries.
"Keen interest from American investors has led Group Gorge to launch the year's first ADR programme from France," says Christopher M Kearns, CEO of BNY Mellon's DR business. "As depositary bank, we look forward to supporting Group Gorge's efforts to raise and expand its global profile."
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