Zinkia gets NYSE listing - Licensing.biz

Zinkia gets NYSE listing

Firm to be listed on the Over-the-Counter market.
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Zinkia Entertainment is to increase its exposure in the US market and expand its shareholder base, after it was confirmed it will be listed on the Over-the-Counter market of the New York Stock Exchange.

The Bank of New York Mellon will serve as the depository institution for Zinkia's ADRs (a physical certificate that endorses the deposit of shares in a US bank for international companies), while the custodian in Spain for the underlying shares is the BBVA.

The listing will allow for Zinkia to diversify its investment base and increase its exposure to the US market, allowing for further strategic development for the company.

The operation does not involve a capital increase or an increase in financing for Zinkia, as it is executed on existing shares.

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