CORRECTING and REPLACING Citi Appointed Depositary for AU Optronics ADR
$350.8 Million Follow-On Offering
NEW YORK -- May 08, 2013
Figure in headline and first graph, first sentence should read: $350.8 million
(sted $365 million).
The corrected release reads:
CITI APPOINTED DEPOSITARY FOR AU OPTRONICS ADR $350.8 MILLION FOLLOW-ON
Citi, acting through Citibank, N.A., has been appointed as depositary for AU
Optronics Corporation (AUO) follow-on $350.8 million offering for its American
Depositary Receipt (ADR) program. Each ADR represents 10 ordinary shares and
trades on the New York Stock Exchange under the symbol AUO. Citibank has been
the Depositary Bank for AUO’s ADR program since its inception in May 2002.
AUO’s ordinary shares are traded on the Taiwan Stock Exchange under stock
Dirk Jones, Securities and Fund Services Sales Head at Citi, said, “We are
very proud of our relationship with AUO which now spans over one decade and
look forward to it continuing."
Citi is a leading provider of depositary receipt services. With Depositary
Receipt programs in 55 markets, Citi leverages its global network to help
companies connect to new markets and raise capital worldwide.
Citi’s Securities and Fund Services provides customized solutions that support
the diverse investment and transaction strategies of investors, issuers and
intermediaries worldwide. Offering a suite of investment administration,
portfolio and fund services, trust and custody and investment and financing
solutions, Citi helps clients meet the challenges of issuing, managing and
distributing financial products and services in today’s complex and
competitive marketplace. As of the first quarter of 2013, Securities and Fund
Services held $13.5 trillion in assets under custody.
For more information on Citi’s Depositary Receipt Services, visit
About AU Optronics Corp.
AUO is one of the world’s leading TFT-LCD panel providers. The company
designs, develops, manufactures, assembles and markets flat panel displays and
most of its products are TFT-LCD panels. Its panels are primarily used in
mobile PCs, monitors, consumer electronics products, and televisions, among
other products. AUO also entered the solar business at the end of 2008, and
has established a vertically integrated solar value chain, including
manufacturing and branding capabilities for its solar products. For the year
ended December 31, 2012, net sales generated from our display business and
solar business were NT$367.1 billion (US$12.3 billion) and NT$11.4 billion
(US$0.4 billion), respectively, representing approximately 97.0% and 3.0% of
our total net sales, respectively. AUO’s principal executive offices are
located in Hsinchu Science Park, Hsinchu, Taiwan, ROC. Additional information
can be found at www.auo.com/
Citi, the leading global bank, has approximately 200 million customer accounts
and does business in more than 160 countries and jurisdictions. 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 | Twitter: @Citi |
YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook:
www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
Nina Das, +1 212-816-9267
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