Deutsche Bank Appointed as Depositary Bank for the Sponsored American Depositary Receipt Program of Vection Technologies LTD

Rhea-AI Summary

Deutsche Bank has been appointed as the depositary bank for the American Depositary Receipt (ADR) program of Vection Technologies LTD (OTC: VCTNY). This program will facilitate cross-border investments in the company, which specializes in integrating physical and digital environments through extended reality (XR) technologies. The effective date for this agreement is June 21, 2022. As a key player in investment banking, Deutsche Bank provides a range of services including trustee and escrow for various financial entities globally.

Positive

• Appointment as depositary bank for Vection Technologies' ADR program, potentially broadening market access.
• Facilitates cross-border investments, enhancing liquidity and visibility for Vection Technologies.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Deutsche Bank announced today its appointment as depositary bank for the American Depositary Receipt program of Vection Technologies LTD.

Vection Technologies LTD. (OTC: VCTNY) is an enterprise-focused company that helps businesses bridge the physical and digital worlds. They help organizations leverage their 3D data via extended reality (XR) interfaces that fosters collaboration, learning and sales.*

In addition to specializing in administering cross-border equity structures such as New York Shares and American and Global Depositary Receipts, Deutsche Bank provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. Deutsche Bank offers a very broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings.

* This information was provided by Vection Technologies LTD (June 2022).

Depositary Receipt Information
Country			Melbourne, Victoria, Australia
Custodian Bank			National Nominees Limited
Effective Date			June 21, 2022
Level I ADR
CUSIP			92242X 102
ISIN			US92242X1028
Symbol			VCTNY
Exchange			OTC
Current Ratio			1 ADR to 120 Ordinary Shares
Eligibility			DTC

Depositary Receipt Contacts
Head of Depositary Receipts		New Business Development
Daniel Clark		Nicole Pfundstein
Tel: +1 212 250 3547		Tel: +61 2 8258 1019
www.adr.db.com		Markets Distribution
adr@db.com		London
		Tel: +44 (0) 20 7547 6500
gtb.db.com		New York
		Tel: +1 212 250 9100

Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the "Act"). The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Conduct Authority. This notice has been approved and/or communicated by Deutsche Bank AG New York. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant or in any way represent, as to the accuracy or completeness of the details contained herein or therein. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© June 2022 Deutsche Bank AG. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220627005692/en/

Deutsche Bank AG

Press & Media Relations

Jon Laycock

+12122509504

Cell. +447919103884

jon.laycock@db.com

Source: Deutsche Bank AG

FAQ

What is the significance of Deutsche Bank being appointed as the depositary bank for Vection Technologies (VCTNY)?

The appointment enhances Vection Technologies' market access and facilitates cross-border investments, potentially increasing liquidity.

What services does Deutsche Bank provide as a depositary bank for ADR programs?

Deutsche Bank administers various services including trustee, agency, escrow, and related financial services to support ADR programs.

When did Deutsche Bank's appointment for Vection Technologies' ADR program become effective?

The appointment became effective on June 21, 2022.

What is the stock symbol for Vection Technologies?

The stock symbol for Vection Technologies is VCTNY.

Is Vection Technologies listed on any major stock exchange?

Vection Technologies is listed on the OTC market under the symbol VCTNY.