Air New Zealand
(ASX:AIZ) has established a sponsored level 1 American Depository Receipt (ADR) program with Deutsche Bank.
The airliner says the ADRs will trade in the US over-the-counter market.
Each ADR will initially represent 20 ordinary Air New Zealand
(ASX:AIZ) shares.
Air New Zealand says the ADR program does not involve the issuance of new shares or the raising of capital by Air New Zealand.
Shares in Air New Zealand
(ASX:AIZ) are trading 0.64 per cent lower to $3.12.
