Deutsche Bank Appointed as Depositary Bank for the Sponsored Level I
American Depositary Receipt Program of Park24 Co., Ltd.
NEW YORK & LONDON & HONG KONG & TOKYO -- February 28, 2014
Deutsche Bank today announced its appointment as the depositary bank for the
non-capital raising sponsored Level I American Depositary Receipt (ADR)
program of Park24 Co., Ltd. (PARK24).
PARK24 (OTC US: PKCOY) is a Japanese company listed on the Tokyo Stock
Exchange. The Company has two core business segments: its Parking Business and
its Mobility Business. PARK24’s Parking Business mainly operates 24-hour
unmanned metered parking facilities under the brand name, “Times”. The Company
leases land for parking facilities, and designs and arranges construction of
Times parking facilities. The Company’s Mobility Business provides car rental
and car sharing services, offering its clients in Japan a personal
transportation alternative to car ownership in addition to roadside assistance
Mrugank Paranjape, Asia Pacific Head of Trust & Securities Services and Cash
Management for Financial Institutions, Global Transaction Banking at Deutsche
Bank said, “We are delighted to be chosen by Park24 Co., Ltd. as depositary
bank. We look forward to providing this client with the highest level of
service for their newly-launched program.”
*Source: Park24 Co., Ltd. (February 2014)
About Deutsche Bank Trust & Securities Services
Deutsche Bank’s Trust & Securities Services business, part of Global
Transaction Banking, is one of the leading providers of trustee, agent,
depositary, registrar, SPV management and related services for a wide range of
financial structures and transactions. It is a leading depositary for American
and Global Depositary Receipts, providing value-added services to companies
raising capital in international markets or listing on the New York, NASDAQ,
London, Luxembourg, Singapore or NASDAQ Dubai stock exchanges by means of
depositary receipts. It also offers both mutual and alternative fund
administration and provides securities custody, clearing and agency lending
services from a global network spanning more than 30 markets. Additional
details are available on www.adr.db.com or www.tss.db.com.
This announcement appears as a matter of record only. This announcement has
been approved and/or communicated by Deutsche Bank AG New York.
American Depositary Receipts have been registered pursuant to the US
Securities Act of 1933 (the "Act"). The investment or investment service which
is the subject of this notice is not available to retail clients as defined by
the UK Financial Conduct Authority. This notice has been approved and/or
communicated by Deutsche Bank AG New York. The services described in this
notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or
by its subsidiaries and/or affiliates in accordance with appropriate local
registration and regulation. Deutsche Bank is providing the attached notice
strictly for information purposes and makes no claims or statement, nor does
it warrant or in any way represent, as to the accuracy or completeness of the
details contained herein or therein. This announcement appears as a matter of
record only. Neither this announcement nor the information contained herein
constitutes an offer or solicitation by Deutsche Bank or any other issuer or
entity for the purchase or sale of any securities nor does it constitute a
solicitation to any person in any jurisdiction where solicitation would be
unlawful. No part of this notice may be copied or reproduced in any way
without the prior written consent of Deutsche Bank. Past results are not an
indication of future performance. Copyright© February 2014 Deutsche Bank AG.
All rights reserved.
Deutsche Bank AG
Press & Media Relations
Ari Cohen, +1-212-250-2438
Karène Dufour Lo, +852-2203-7846
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