JSR S.A. Announces Level I ADR Programme
GENERAL - The Brazilian beef giant, JBS S.A, a company with large foreign interest, has advises its shareholders and the market that its level I American Depositary Receipt (ADR) program, with Bank of New York Mellon as the depositary, has been established.
3 December 2008
1 minute read
Each JBS ADR represents two common shares as listed on the Bovespa Novo Mercado and will trade under the symbol "JBSAY".
The Company did not amend its by-laws in matters related to a change in its share capital structure that could result in any loss or change of minority shareholders rights. The new program did not represent an increase in the share capital or issuance of new shares.
Considering the relevant participation of JBS in the American market, this step represents an opportunity to increase the liquidity, visibility and value of JBS shares.
TheCattleSite News Desk
