London, 17 March 2005 - JPMorgan today announced that it has been appointed depositary bank by AIXTRON AG for its newly-launched, NASDAQ-listed American Depositary Receipt (ADR) programme. The company is the first European corporate to initiate a listed ADR programme this year. The ADR programme has been launched to facilitate the acquisition of California-based Genus, Inc.
JPMorgan has also supported AIXTRON as the company's U.S. exchange agent for the transaction.
Based in Aachen, Germany, AIXTRON is a leading provider of deposition equipment to the semiconductor industry and the acquisition of Genus, Inc. positions AIXTRON as a leading player in advanced "nano" deposition technologies. Paul Hyland, CEO of AIXTRON, said, "We look forward to working with JPMorgan to establish and maintain a world-class ADR programme in the U.S."
Patrick Colle, global head of ADRs at JPMorgan, said, "Given the current buying power of non-U.S. currencies, we expect to see more issuers using ADRs as acquisition currency for U.S. companies. We are pleased to have worked with AIXTRON on this deal."