NEW YORK, LONDON and HONG
KONG, Feb. 12, 2015
/PRNewswire/ -- BNY Mellon, a global leader in investment
management and investment services, has been appointed by Burberry
Group plc as the successor depositary bank for its American
Depositary Receipt (ADR) program. Each ADR represents two ordinary
shares and trades on the OTC market under the symbol "BURBY."
Burberry's local shares trade on the London Stock Exchange under
the code "BRBY."
Established in 1856, Burberry is a global British luxury brand
with a heritage of innovation, craftsmanship and design. The
Burberry business comprises five divisions: menswear, womenswear,
childrenswear, accessories and beauty.
"We welcome Burberry as an ADR client and will work actively
with them to build a targeted outreach program aimed at the global
investment community," said Christopher M.
Kearns, CEO of BNY Mellon's Depositary Receipts business.
"Our team of experts provides a comprehensive suite of client
support services, which will enable Burberry to unlock the full
potential of its DR program."
BNY Mellon acts as depositary for more than 2,800 American and
global depositary receipt programs, acting in partnership with
leading companies from over 65 countries as of Dec. 31, 2014. 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
35 countries and more than 100 markets. As of Dec. 31, 2014, BNY Mellon had $28.5 trillion in assets under custody and/or
administration, and $1.7 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 www.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. BNY Mellon provides no advice nor recommendations or
endorsement with respect to any company, security or products based
on any index licensed by BNY Mellon, and we make no representation
regarding the advisability of investing in the same.
Contact:
|
Joseph F. Ailinger,
Jr
|
Malcolm
Borthwick
|
|
+1
617-722-7571
|
+44 20 7163 4109
|
|
joe.ailinger@bnymellon.com
|
malcolm.borthwick@bnymellon.com
|
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SOURCE BNY Mellon