LONDON--(BUSINESS WIRE)--Citi, acting through Citibank N.A., has been appointed by Travis Perkins plc (“Travis Perkins”), the leading Building Materials Supplier in the UK, as depositary bank for its sponsored Level 1 American Depositary Receipt (ADR) programme.
Travis Perkins’ ADR programme trades in the US over-the-counter (OTC) market, under the symbol “TPRKY”. Each ADR represents 1 ordinary share. Travis Perkins’ ordinary shares are listed and trade on the London Stock Exchange under the symbol “TPK”.
Tony Buffin, Travis Perkins Group Finance Director, said, “The ADR programme is an important way for us to reach pools of capital previously not available to us and provide investors with greater flexibility in how they choose to invest in us. As a predominantly UK organisation it will also help increase our profile with United States-based investors, which are becoming an increasingly important source of funds for us.”
Dirk Jones, Global Head of Issuer Services at Citi said, “We are very pleased to have been selected as depositary bank for Travis Perkins’ ADR programme. We are confident that we can leverage the breadth of Citi’s unparalleled global presence and investor relations expertise to assist them in fulfilling the goals that they have set for the programme.”
For more information on Citi’s Depositary Receipt Services, visit www.citi.com/dr
About Travis Perkins
The Travis Perkins Group is the UK’s leading company in the builders' merchant and home improvement market, and the UK’s largest supplier to the building and construction market. The Group operates 16 businesses from 1,900 sites across the UK, and employs approximately 24,000.
For more information about Travis Perkins, please visit http://www.travisperkinsplc.co.uk/
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
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