London calling

EuroTrust, a leading Danish renewable energy company with developments in Europe has recently reviewed its strategy and decided to list in London on AIM.

Listed in the US by means of an ADR, a number of factors, including increasing US reporting requirements, prompted the company to arrange to de-list its ADR and re-list its Danish shares on AIM using Computershare's DI. This involved the termination of the existing ADR and handling the investors' need to continue to hold and trade EuroTrust stock - a unique challenge requiring a new and innovative solution.

During a period of consultation with Computershare’s Global Capital Markets experts; Eurotrust and their advisors were given advice of the benefits of DIs vs. CDIs, and how ADR holders could migrate across to the UK listing. The Computershare solution included a DI service, Danish custody and corporate action management.

“Computershare was able to understand our requirements due to their consultative approach. They offered us a streamlined solution converting our ADR programme to a DI programme, and despite almost insurmountable issues, their Global Transactions Unit pulled out all the stops and was able to clear the way for the conversion. The enthusiasm and commitment of their staff and the one stop service we received is greatly appreciated.”

Torben Kjaergaard, General Manager, Eurotrust