IBM Tower Level 27, 60 City Road Southbank VIC 3006 Australia T +61 3 9674 4644 F +61 3 9674 4655 www.multiemedia.com [email protected] multiemedia limited ABN 12 003 237 303 ASX Code “MUL” Multiemedia’s Next Step to NASDAQ Wednesday 8 December 2004 The Director’s of Multiemedia are pleased to announce its Level One American Depository Receipt (ADR) Program was declared effective on the US Securities and Exchange Commission on 6 December 2004. The Bank of New York has been appointed depository bank for the Program. As part of its strategy to expand its worldwide network and to access the US Institutional and Retail shareholder base, Multiemedia secured sponsorship from the Bank of New York to establish the ADR Program in February 2004. Multiemedia Founder/CEO Adrian Ballintine said “today’s announcement marks the commencement of trading in our ADR’s in the US Over The Counter market and is a substantial step forward in achieving our ultimate intention of trading on the NASDAQ Exchange.” A Level Two Program will be undertaken which includes compliance with US GAAP accounting standards and SEC disclosure to secure the NASDAQ listing. ADR DETAILS Symbol: MLTEY CUSIP: 625439104 Exchange: OTC Ratio: 1:100 Country: Australia Industry: Communications Tech. Depositary: BNY (Sponsored) Effective Date: 6 Dec 2004 Underlying SEDOL: 6147978 Underlying ISIN: AU000000MUL3 U.S. ISIN: US6254391047 IBM Tower Level 27, 60 City Road Southbank VIC 3006 Australia T +61 3 9674 4644 F +61 3 9674 4655 www.multiemedia.com [email protected] multiemedia limited ABN 12 003 237 303 ASX Code “MUL” ABOUT ADR’S ADR’s are commonly used to facilitate US investment in foreign companies not listed in the USA. An ADR is created when a broker purchases the company’s shares on the home stock market and delivers those to the depository’s local custodian bank, which then instructs the depository bank, The Bank of New York, to issue Depository Receipts. Depository Receipts may trade freely, just like any other security in the US over-thecounter (OTC) market. ADRIAN BALLINTINE Chief Executive Officer Multiemedia Limited For additional information please contact: Shareholder enquiries Mr Stephen Batten, Company Secretary on (03) 9674 4644, or by email at [email protected] Media enquiries Mr James Kellett, Director of Marketing on (03) 9674 4644
NWT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
