PERTH (miningweekly.com) – Oil and gas major Woodside will start trading on the NYSE, under the ticker WDS, on Thursday.
The New York listing followed Woodside completing the merger with diversified miner BHP’s petroleum business, creating a top 10 global independent energy company by hydrocarbon production and the largest energy company listed on the ASX.
Woodside shares on the NYSE will trade in the form of American Depositary Shares (ADSs), which are US dollar-denominated negotiable instruments represented by American Depositary Receipts (ADRs) issued by a depositary bank, that facilitate US trading and investment in shares of non-US companies.
The ADRs will be issued under Woodside’s existing ADR programme, which is administered by Citibank.
Each Woodside ADS represents one ordinary share of Woodside.