According to the information released by the U.S. Securities and Exchange Commission KSG Agro is planning to launch American Depository Receipts program. ADRs issue will be carried out with the compliance to 144 Rule. Company’s investors relations department representatives specified that the receipts issued will represent company’s shares traded on Warsaw Stock Exchange. Additional details will be announced upon the date of issue.

AgroInvest comment: representation of the company on U.S. stock exchange will allow the company to be better recognized in the foreign scene, effectively attracting larger number of potential investors, increasing volume of shares traded.  

For more detail please refer to the UAIndex Daily (August 29 issue).

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