Land Securities chooses Citi 20 May 2014London Reporter: Stephen Durham
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Citi has been appointed by Land Securities Group, the UK’s largest commercial property company, as depositary bank for its sponsored Level 1 American Depositary Receipt (ADR) programme.
Land Securities’ ADR programme trades in the US over-the-counter (OTC) market, under the symbol LSGOY. Each ADR represents one ordinary share.
Land Securities’ ordinary shares are listed and trade on the London Stock Exchange under the symbol LAND.
Dirk Jones, global head of client sales management at Citi, said: “We are very pleased to be appointed depositary bank for Land Securities’ ADR programme.”
“With its excellent investor relations expertise and unparalleled global presence, Citi has a powerful platform to enable the success of Land Securities’ ADR programme.”
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