{"id":787003,"date":"2023-09-29T04:03:07","date_gmt":"2023-09-29T08:03:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-appointed-as-depositary-bank-for-turbo-energy-s-a-s-adr-program\/"},"modified":"2023-09-29T04:03:07","modified_gmt":"2023-09-29T08:03:07","slug":"citi-appointed-as-depositary-bank-for-turbo-energy-s-a-s-adr-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-appointed-as-depositary-bank-for-turbo-energy-s-a-s-adr-program\/","title":{"rendered":"Citi Appointed as Depositary Bank for Turbo Energy S.A.\u2019s ADR Program"},"content":{"rendered":"

<\/p>\n

Citi Appointed as Depositary Bank for Turbo Energy S.A.\u2019s ADR Program<\/b><\/p>\n

LONDON–(BUSINESS WIRE<\/a>)–
\nCiti, acting through Citibank N.A., has been appointed by Turbo Energy, S.A. (\u201cTurbo Energy\u201d), a leader in smart solar storage on a residential scale, to act as depositary bank for its initial public offering (the \u201cIPO\u201d) of Turbo Energy\u2019s American Depositary Shares (\u201cADSs\u201d or \u201cADRs\u201d) representing its ordinary shares.<\/p>\n

\nTurbo Energy\u2019s American Depositary Shares (\u201cADS\u201d) trade on the Nasdaq Capital Market under the symbol \u201cTURB\u201d. Each ADS represents five ordinary shares of the company.<\/p>\n

\n\u201cWe are very satisfied with this historic milestone for the company that will allow us to undertake a very ambitious expansion plan,\u201d said Enrique Selva, Chief Executive Officer and Chairman of the Board of Turbo Energy.<\/p>\n

\nCommenting on the appointment, Dirk Jones, Global Head of Issuer Services, at Citi said: \u201cWe look forward to supporting Turbo Energy\u2019s ADR program and expanding the company\u2019s investor outreach through the expertise of our Investor Relations Advisory team and the breadth of our global equity distribution network.\u201d<\/p>\n

\nCiti is a leading provider of depositary receipt services. With depositary receipt programs in 67 markets, spanning equity and fixed-income products, Citi leverages its global network to provide cross-border capital market access to issuers, intermediaries, and investors.<\/p>\n

\nFor more information on Citi\u2019s Depositary Receipt Services, visit www.citi.com\/dr<\/a>.<\/p>\n

\nFor more information on Turbo Energy, visit https:\/\/www.turbo-e.com\/<\/a>.<\/p>\n

About Citi<\/b><\/p>\n

\nCiti is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions, and individuals with a broad range of financial products and services.<\/p>\n

\nAdditional information may be found at www.citigroup.com<\/a> | Twitter: @Citi<\/a> | LinkedIn: www.linkedin.com\/company\/citi<\/a> | YouTube: www.youtube.com\/citi<\/a> | Facebook: www.facebook.com\/citi<\/a><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230928133143\/en\/<\/a><\/span><\/p>\n

Citi Media:
\n<\/b>
Belinda Marks
\n
belinda.marks@citi.com<\/a><\/p>\n

KEYWORDS:<\/b> United Kingdom Europe<\/p>\n

INDUSTRY KEYWORDS:<\/b> Finance Banking Energy Professional Services Other Energy<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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Citi Appointed as Depositary Bank for Turbo Energy S.A.\u2019s ADR Program LONDON–(BUSINESS WIRE)– Citi, acting through Citibank N.A., has been appointed by Turbo Energy, S.A. (\u201cTurbo Energy\u201d), a leader in smart solar storage on a residential scale, to act as depositary bank for its initial public offering (the \u201cIPO\u201d) of Turbo Energy\u2019s American Depositary Shares (\u201cADSs\u201d or \u201cADRs\u201d) representing its ordinary shares. Turbo Energy\u2019s American Depositary Shares (\u201cADS\u201d) trade on the Nasdaq Capital Market under the symbol \u201cTURB\u201d. Each ADS represents five ordinary shares of the company. \u201cWe are very satisfied with this historic milestone for the company that will allow us to undertake a very ambitious expansion plan,\u201d said Enrique Selva, Chief Executive Officer and Chairman of the Board … <\/p>\n

Continue reading “Citi Appointed as Depositary Bank for Turbo Energy S.A.\u2019s ADR Program”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-787003","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCiti Appointed as Depositary Bank for Turbo Energy S.A.\u2019s ADR Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/citi-appointed-as-depositary-bank-for-turbo-energy-s-a-s-adr-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Citi Appointed as Depositary Bank for Turbo Energy S.A.\u2019s ADR Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Citi Appointed as Depositary Bank for Turbo Energy S.A.\u2019s ADR Program LONDON–(BUSINESS WIRE)– Citi, acting through Citibank N.A., has been appointed by Turbo Energy, S.A. (\u201cTurbo Energy\u201d), a leader in smart solar storage on a residential scale, to act as depositary bank for its initial public offering (the \u201cIPO\u201d) of Turbo Energy\u2019s American Depositary Shares (\u201cADSs\u201d or \u201cADRs\u201d) representing its ordinary shares. Turbo Energy\u2019s American Depositary Shares (\u201cADS\u201d) trade on the Nasdaq Capital Market under the symbol \u201cTURB\u201d. Each ADS represents five ordinary shares of the company. \u201cWe are very satisfied with this historic milestone for the company that will allow us to undertake a very ambitious expansion plan,\u201d said Enrique Selva, Chief Executive Officer and Chairman of the Board … Continue reading "Citi Appointed as Depositary Bank for Turbo Energy S.A.\u2019s ADR Program"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/citi-appointed-as-depositary-bank-for-turbo-energy-s-a-s-adr-program\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-29T08:03:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230928133143r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citi-appointed-as-depositary-bank-for-turbo-energy-s-a-s-adr-program\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citi-appointed-as-depositary-bank-for-turbo-energy-s-a-s-adr-program\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Citi Appointed as Depositary Bank for Turbo Energy S.A.\u2019s ADR Program\",\"datePublished\":\"2023-09-29T08:03:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citi-appointed-as-depositary-bank-for-turbo-energy-s-a-s-adr-program\\\/\"},\"wordCount\":373,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citi-appointed-as-depositary-bank-for-turbo-energy-s-a-s-adr-program\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20230928133143r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citi-appointed-as-depositary-bank-for-turbo-energy-s-a-s-adr-program\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/citi-appointed-as-depositary-bank-for-turbo-energy-s-a-s-adr-program\\\/\",\"name\":\"Citi Appointed as Depositary Bank for Turbo Energy S.A.\u2019s ADR Program - 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