New York, March 14, 2012 - J.P. Morgan today announced it was recently appointed by Cementos Pacasmayo S.A.A. to act as depositary bank for the company's American Depositary Receipt (ADR) program listing on the New York Stock Exchange (NYSE). J.P. Morgan will manage the ADR program for Cementos Pacasmayo, a leading cement manufacturer in Peru. Cementos Pacasmayo is the first Peruvian company to raise capital through an NYSE-listed ADR program in more than a decade. The NYSE-listed ADRs will trade under the symbol CPAC.
Humberto Nadal, CEO of Cementos Pacasmayo said: "Through this ADR program we plan to support our business expansion plans and increase our visibility to the international investor community. The J.P. Morgan team clearly demonstrated strong credentials and an in-depth knowledge of the ADR market and we believe their investor relations experience will be invaluable in achieving our aims."
Dennis Bon, Global Head of Depository Receipts at J.P. Morgan, said: "We are delighted that Cementos Pacasmayo has chosen J.P. Morgan for its ADR program. Our customized DR services will help them meet their goals to increase visibility within the global investor community and strengthen their global market presence. Additionally, this transaction further reinforces J.P. Morgan's presence and leadership in Depositary Receipts in Latin America."
Cementos Pacasmayo joins a line-up of leading Latin American companies for which J.P. Morgan acts as depositary. J.P. Morgan manages some of the top ADR programs in Latin America, including: LAN Airlines, Ecopetrol, Banco Santander-Chile, Telecom Argentina, Embraer, Companhia Siderúrgica Nacional (CSN), Eletrobrás, Hypermercas, and Vale.
J.P. Morgan pioneered the depositary receipts market over 85 years ago, introducing the first-ever DR in 1927. J.P. Morgan provides a full range of ADR, GDR and HDR services to issuers seeking to have their equity traded on exchanges beyond their home markets. For market information on depositary receipts and international equities, please go to www.adr.com. More information on J.P. Morgan's depositary receipt services is also available on www.jpmorgan.com/visit/adr.
About Cementos Pacasmayo S.A.A.
Cementos Pacasmayo S.A.A. is a leading Peruvian cement company, and the only cement manufacturer in the Northern region of Peru. It is among the most profitable publicly-listed cement manufacturers in the world, based on operating margins over the past three years. With more than 54 years of operating history, the company produces, distributes and sells cement and cement-related materials, such as concrete blocks and ready-mix concrete. Cementos Pacasmayo S.A.A.'s products are primarily used in construction, which has been one of the fastest-growing segments of the Peruvian economy in recent years. The Company also produces and sells quicklime for use in mining operations. Information about Cementos Pacasmayo S.A.A. is available at www.cementospacasmayo.com.pe.
About JPMorgan Chase & Co.
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