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Citi has been appointed as the depositary bank for Nightingale Health OYJ's sponsored Level 1 American Depositary Receipt (ADR) program. The company's ADRs trade on the OTCQX platform under the symbol 'NHLTY', with each ADR representing one ordinary share. The underlying ordinary shares are listed on the Nasdaq Helsinki Stock Exchange under 'HEALTH FH'.
This strategic move aims to provide U.S. investors easier access to Nightingale Health's shares, aligning with the company's global expansion strategy, particularly in the U.S. healthcare market. The partnership leverages Citi's global network through its Issuer Services business, which operates depositary receipt programs across 65 markets.