Press release from PR Newswire
BNY Mellon Named as Depositary by Informa plc
Tuesday, July 09, 2013
BNY Mellon Named as Depositary by Informa plc08:20 EDT Tuesday, July 09, 2013
NEW YORK, July 9, 2013 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, has been appointed by Informa plc as depositary bank for its sponsored American depositary receipt (ADR) program. Previously, Informa traded in the U.S. over-the-counter (OTC) market as an unsponsored DR. Each Informa ADR represents two ordinary shares and trades OTC under the symbol "IFJPY." Informa's ordinary shares trade on the London Stock Exchange under the symbol "INF."
Informa provides academics, businesses and individuals with up-to-the minute information and highly specialist skills and services. Informa operates in over 40 countries and provides knowledge and information via some of the world's most respected and longest standing brands.
"The U.S. is an important market for Informa, both operationally and in terms of our investor base," said, Adam Walker, finance director of Informa. "We have been steadily increasing our investor relations efforts as interest levels in our stock are high. The move to a sponsored ADR program with BNY Mellon is a natural next step, improving liquidity and increasing our visibility here further."
"Informa's decision to focus on its U.S. investor base is forward-looking in light of recent market trends," said Christopher M. Kearns, CEO of BNY Mellon's Depositary Receipts business. "We'll work closely with the company to broaden its outreach as it strives to diversify its shareholder base."
BNY Mellon acts as depositary for more than 2,700 American and global depositary receipt programs, acting in partnership with leading companies from 68 countries. BNY Mellon is committed to helping securities issuers access the world's rapidly evolving financial markets and delivers a comprehensive suite of depositary receipt services. Learn more at www.bnymellon.com/dr
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 36 countries and more than 100 markets. As of March 31, 2013, BNY Mellon had $26.3 trillion in assets under custody and/or administration, and $1.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn more at bnymellon.com, or follow us on Twitter @BNYMellon.
This release is for informational purposes only. BNY Mellon provides no advice nor recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities. Depositary Receipts: Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank, State or Federal Agency Guarantee.
SOURCE BNY Mellon
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