Bravura establishes an American Depositary Receipt (ADR) program

29 December 2008 Bravura establishes an American Depositary Receipt (ADR) program

 

Sydney, 29 December 2008 (ASX: BVA) - Bravura Solutions Limited (Bravura) – a leading global supplier of wealth management applications and professional services, announced today that it has established a Level I American Depositary Receipt (ADR) program. The program has been declared effective by the US Securities and Exchange Commission (SEC). The Bank of New York Mellon was appointed as the depositary bank for the Level I ADR program.

The Level I ADR program will facilitate the purchase of Bravura shares by US investors. Under the program, one ADR will represent 20 ordinary shares of Bravura Solutions Limited. As unrestricted, US dollar-denominated secondary market securities that trade freely in the over-the-counter (OTC) market, we believe the ADRs will increase the profile of the company with US investors and facilitate the perceived demand for investment.

The ADRs will trade in the OTC market under the ticker symbol BRVSY.