LNG Ltd Launches ADRs on OTC (USA)

Liquefied Natural Gas Limited announced it has arranged for the quotation of its American Depositary Receipts (ADRs) on the OTC International platform in the United States. The company’s ADRs will trade under the symbol “LNGLY” and represent 1 ADR for every 40 ordinary LNG Ltd shares.

LNG Ltd will continue to trade under the symbol “LNG” on the Australian Securities Exchange.

The ADRs enable qualifying non-US companies to have direct exposure to the US investment community. This will complement LNG Ltd’s listing on the ASX.

LNG Ltd Managing Director, Maurice Brand, said that “during 2013, the company promoted its 8mtpa Magnolia LNG Project in Lake Charles, Louisiana, to a range of US investment groups. A number of these parties participated in last month’s share placement.

“We recognise there is strong interest to invest in the company from institutional, high-net-worth and retail investors in North America and a quotation on the OTC will provide the opportunity for these investors to trade conveniently and efficiently in their normal exchange trading hours. The Magnolia LNG project is moving towards being granted filing status with the US Federal Energy Regulatory Commission and achievement of this milestone, with other commercial milestones, will materially increase the company’s US profile.”

Deutsche Bank has been appointed as the exclusive depositary Bank for the company’s ADR program.

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