Dec. 2 at 1:46 PM
$LKYRF Locksley is teaming up with BNY Mellon to launch an ADR program! Doors open for international investors. 🌎
✨ Why ADRs benefit Locksley and the Market
The establishment of an ADR program represents a significant step forward in Locksley's global capital markets positioning, moving beyond the perception of an ASX microcap and into a structure trusted by major global institutions.
An ADR is a U.S dollar-denominated trading instrument that allows U.S. investors to gain exposure to non-US companies without the need for cross-border or cross-currency complexities. Importantly, the establishment of the ADR program is not a new offer of securities, therefore no additional shares will be issued or any capital raised.
✨Key benefits include:
✅ Institutional Accessibility: Many U.S. funds are restricted from investing directly in ASXlisted small caps. A U.S.-traded ADR opens access to tier-one U.S. institutions, wealth managers, and ETFs that otherwise cannot participate.
✅ Credibility and Perception Uplift: Partnering with BNY Mellon is widely regarded as a strong indicator of governance quality and market standing
✅ Liquidity & Marketability: ADRs trade in U.S. dollars during U.S. market hours, improving visibility, liquidity and ease of settlement for U.S investors
✅ Peer Alignment: ADRs are already used by leading Australian and global resources companies, placing Locksley alongside a well-recognised peer group
✅ Future Capital Pathway: The ADR framework establishes early infrastructure for potential future U.S exchange listings and builds a trading history with U.S Investors