15th Jan 2015 09:00
15 January 2015 |
Intelligent Energy Holdings plc
("Intelligent Energy" or the "Company")
COMMENCEMENT OF ADR PROGRAMME
Intelligent Energy Holdings plc, the energy technology group which develops efficient and clean hydrogen fuel cell power systems for the global automotive, consumer electronics, distributed power and generation markets, announced on 19 December 2014 that it intended to put into place a Sponsored, Level 1 American Depositary Receipts (ADR) Programme. The Company is pleased to announce that its ADR programme will become effective today, 15 January 2015, with ADRs immediately eligible for trading under the symbol INGYY on the OTC market (CUSIP: 45825Y 103, U.S. ISIN: US45825Y 1038).
The ADRs will trade in US dollars with each Intelligent Energy ADR representing 5 Intelligent Energy ordinary shares. Intelligent Energy's ordinary shares will continue to trade in pounds sterling on the Main Market of the London Stock Exchange.
The ADR programme is intended to enhance Intelligent Energy's market exposure and visibility in the United States and to increase liquidity by expanding and diversifying its US shareholder base, providing the Company with cost effective access to US investors. It allows investors to hold their shares and settle their trades through the US settlement systems, in common with any other US stock.
The Bank of New York Mellon is acting as the depositary to establish and maintain the ADR Programme.
A list of frequently asked questions in relation to the ADR programme is available on the Company's website in the investor section, at http://www.intelligent-energy.com/investors.
Dr Henri Winand, Chief Executive Officer of Intelligent Energy Holdings plc, commented:
"The creation of this ADR Programme through The Bank of New York Mellon should assist in raising the profile of Intelligent Energy in the US, a region that has historically shown a strong appetite for investment into disruptive technologies that have the potential to change the world. The enhanced profile and the additional liquidity provided by this programme should be to the benefit of all shareholders."
Enquiries:
Intelligent Energy Holdings plc Dr Henri Winand, Chief Executive Officer John Maguire, Chief Financial Officer Dr Mark Lawson-Statham, Director of Corporate Finance
| +44(0)1509 271271 |
Canaccord Genuity Simon Bridges Richard Royden
| +44(0)20 7523 8000 |
Powerscourt Giles Sanderson Matthew Fletcher Rob Greening
| +44(0)20 7250 1446 |
The Bank of New York Mellon ADR Desk
| +1 212 815 2267 |
About Intelligent Energy
Intelligent Energy Holdings plc is an energy technology group which develops efficient and clean hydrogen fuel cell power systems for the global automotive, consumer electronics, distributed power and generation markets - from powering zero-emission vehicles to compact energy packs for mobile devices and stationary power units for the always-on infrastructure.
Working with international companies, Intelligent Energy aims to embed its technology in mass market applications to solve the challenges of continuous power and productivity, by creating everyday energy solutions to power people's lives. The Group's intellectual property and expertise is based around proprietary fuel cell technologies, which are the product of over 25 years of research and development. Its patent portfolio includes more than 400 patents granted (and over 600 patents pending) across more than 300 patent families. The Group also maintains a significant body of confidential know-how and trade secrets.
With its principal facility and headquarters in Loughborough, UK, the Company also has operations in India, Japan and Singapore, a commercial office in Silicon Valley, USA, and research facilities in Florida, USA. Intelligent Energy Holdings plc is listed on the London Stock Exchange (IEH: LN).
More information on Intelligent Energy is available at WordPress, Twitter, YouTube and LinkedIn. Or visit the Intelligent Energy website.
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