WEG S.A.
Jaraguá do Sul, September 27 th , 2010 - WEG S.A. (BOVESPA: WEGE3) announced the establishment of a sponsored level 1 depositary receipt (DR) program representing the Company's shares ("Program").
Starting tomorrow, September 28 th , 2010, the ADRs will trade on the overthe-counter (OTC) market, in the United States of America, under the symbol
WEGZY. The program does not represent an increase of the share capital or the issuance of new shares. Each ADR represents one common share of WEG.
JPMorgan Chase Bank, NA is acting as depositary bank for the program.
Laurence Beltrão Gomes, Finance and Investor Relations Officer, stated: "The sponsored ADR program is another option for international investors interested in becoming shareholders of WEG. Our main goal is to provide greater liquidity and visibility for the company shares. Level 1 ADRs are traditional instruments used by some of the world's largest companies, and will contribute to allow us to achieve our goal over time. "
ADRs are certificates tradable in the US securities’ markets and that represent the ownership in the shares of a company incorporated outside the
U.S.. ADRs are quoted and traded in US dollars and dividends are also paid in the same currency. ADRs were created to facilitate the trading of shares of these non-U.S. companies by investors in the US markets
Further information about WEG’s sponsored level 1 ADR program can be found in Notice to the Market issued today, available on the investor relations page: www.weg.net/ir
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For further information, please contact:
Investor Relations
Luis Fernando Oliveira
+55 (47) 3276-6973 luisfernando@weg.net
Corporate Communications
Andressa Pereira
+55 (47) 3276-4295 andressa@weg.net
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About WEG – WEG S.A. is one of the world's most successful industrial equipment companies. The company was founded in 1961, in Jaraguá do Sul, state of Santa
Catarina, where the company maintains its headquarters. WEG is one of the biggest producers of electric equipment the world's biggest manufacturer of low voltage industrial electrical motors with a global reach. The product line also includes generators, transformers and electronic and electro-mechanical command and control devices.
WEG sells its electric products and services in nearly all the countries of the world and has its main manufacturing unit in Jaraguá do Sul (SC). Other production facilities are located in Blumenau, Guaramirim and Joaçaba, also in
Santa Catarina and in the Brazilian states of Rio Grande do Sul (Gravataí), São
Paulo (São Bernardo do Campo and Hortolândia) and Amazonas (Manaus). Outside
Brazil WEG has manufacturing units in Argentina, Mexico, Portugal, China and
South Africa. In addition, WEG has distribution and business units in the USA,
Venezuela, Colombia, Chile, Germany, England, Belgium, France, Spain, Italy,
Sweden, Australia, Japan, Singapore, India, Russia and the UAE.
The company is listed on the BM&F Bovespa São Paulo stock exchange (stock exchange symbol WEGE3). In 2009, the Group employed a workforce of more than 21,000 people worldwide; gross revenues totaled R$ 5.1 Billion (US$ 2.6
Billion).
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WEG S.A.
Public Company
NIRE nº 42.300.012.203
CNPJ/MF: nº 84.429.695/0001-11
Avenida Prefeito Waldemar Grubba, 3300 – CEP 89256-900 – Jaraguá do Sul – SC – Brasil