Sponsored Level 1 ADR Programme (1720B)
14 Février 2011 - 11:10AM
UK Regulatory
TIDMDEB
RNS Number : 1720B
Debenhams plc
14 February 2011
14 February 2011
DEBENHAMS PLC
SPONSORED LEVEL 1 ADR PROGRAMME
Debenhams plc, the leading department stores group, today
announces that it will sponsor an American Depositary Receipt (ADR)
programme. This will replace the current unsponsored ADR
programmes.
Citigroup has been appointed depositary for the Level 1 ADR
programme which will start trading today.
Each ADR will represent four ordinary shares of Debenhams plc.
The ADRs will trade on the "Over The Counter" market under the
symbol DBHSY US.
ADRs allow US investors to buy shares in foreign companies
without the need for cross-border or cross-currency transactions.
They are priced and pay any dividends in dollars and can be traded
like the shares of US-based companies.
-Ends-
Note: Neither the content of the Company's website nor the
content of any website accessible from hyperlinks on the Company's
website (or any other website) is (or is deemed to be) incorporated
into, or forms (or is deemed to form) part of this
announcement.
Enquiries
Investors and analysts
Lisa Williams, Debenhams plc 020 7408 3304, 07908 483841
Media
Jonathon Brill, Financial Dynamics 020 7269 7170
Notes to Editors
Debenhams is an iconic British department store group which was
established over 200 years ago. Debenhams has a strong presence in
key product categories including womenswear, menswear,
childrenswear, home and health and beauty and offers its customers
a unique and differentiated mix of exclusive own bought brands
including Designers at Debenhams, international brands and
concessions.
Debenhams has a total of 167 stores in the UK, the Republic of
Ireland and Denmark. Debenhams also has 61 international franchise
stores in 24 countries and an online store, www.debenhams.com,
through which much of the Debenhams range is available.
Designers at Debenhams include Ted Baker, Jeff Banks, Jasper
Conran, Erickson Beamon, FrostFrench, Henry Holland, Roksanda
Ilincic, Betty Jackson, Jonathan Kelsey, Ben de Lisi, Julien
Macdonald, Melissa Odabash Jane Packer, Pearce Fionda, Preen, Janet
Reger, John Rocha, Jonathan Saunders, Lisa Stickley, Eric Van
Peterson and Matthew Williamson.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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