MUMBAI: Zinkia, a Madrid, Spain-based company specialising in entertainment brand production and management and the creator of the property Pocoyo, has received authorisation from the U.S. Securities and Exchange Commission (SEC) to issue Level-1 American Depositary Receipts (ADRs) on Zinkia shares earmarked for placement among U.S. investors.

Each ADR will represent five ordinary shares (ORDs) of Zinkia stock and will be listed on the Over-the-Counter market (OTC) of the New York Stock Exchange.

The Bank of New York Mellon will serve as the depository institution for Zinkia?s ADRs (a physical certificate that endorses the deposit of shares in a U.S. bank for international companies), while the custodian in Spain for the underlying shares is the BBVA.

The listing on the New York Stock Exchange will allow for Zinkia to diversify its investment base and increase its exposure to the U.S. market, thereby providing for further strategic company development. This operation does not involve a capital increase or an increase in financing for Zinkia, as it is executed on existing shares.

Zinkia?s primary focus is the development and production of content for all media platforms to engage, entertain and educate children of all cultures.

Zinkia is the worldwide licensor of Pocoyo, one of Spain?s most successful animation productions, with a potential global audience reach of 3.5 million. The company is currently developing new properties including Mola Noguru and The Fishtale Saga.

In April 2011, Zinkia acquired a 51 per cent stake in London-based family entertainment company Cake.