Regulatory News:
Casino (Paris:CO)(FR0000125585 - CO), one of the leading food retailers
in the world, announces today that the company has established a
Sponsored Level 1 American Depositary Receipt (ADR) program in the
United States and has appointed Deutsche Bank as the depositary bank for
this program.
The ADRs will trade in the United States beginning today in the
over-the-counter (OTC) market. Under the program, each Casino ordinary
share is represented by five ADRs. The Casino’s ordinary shares are
listed on Compartiment A of Euronext Paris under the symbol CO.
The ADR security identification numbers are:
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CUSIP NUMBER:
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14758Q206
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ISIN NUMBER:
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US14758Q2066
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With US investors showing an increasing interest in Casino, this program
has been designed to provide them with even more opportunities to be
part of the Group’s growth story.
Casino’s existing unsponsored ADRs that have been trading in the US
market will be now converted into the sponsored ADR program as Casino
establishes the program with its official involvement.
As of end-2011, Casino holds a 13% market share in food retail in France
thanks to a complementary mix of convenience, discount and hypermarkets
stores. Casino is also the leader in non-food e-commerce through
Cdiscount in France.
Outside France, Casino has a leading presence on four fast-growing
markets through CBD (Grupo Pao de Acucar) in Brazil, Exito in Colombia
and Big C in Thailand and in Vietnam.
Casino’s sponsored ADR program is not for the purpose of raising capital
in the US market and does not involve the issue of new shares. Nothing
herein shall be deemed to constitute an offer to sell or a solicitation
of an offer to buy securities.
