Cash And Trade Magazine For Cash and Trade professionals in the Middle East
London – February 21, 2012
Deutsche Bank today announced its appointment as successor depositary bank for the Level I American Depositary Receipt (ADR) program of Strategic Minerals plc (Strategic Minerals), headquartered in the United Kingdom.
Strategic Minerals plc is a UK registered resources company focused on the development and supply of iron ore- in particular magnetite – to the world’s industrial markets. The company seeks a balance between near term marketable magnetite production assets and the significant capital gains growth associated with the exploration and development of prospective deposits.*
Akbar Poonawala, Head of Global Equity Services at Deutsche Bank said, “We are delighted to welcome Strategic Minerals as our client in the establishment of its Level I ADR program. We look forward to working with the company in the administration of their ADR program.”
*Source: Strategic Minerals plc (January 2012)
For further information, please call:
Deutsche Bank AG
Press & Media Relations
Nick Probert
Phone: +44 (0)20 7547 1605
nick.probert@db.com
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