LONDON–(BUSINESS WIRE)–Citi, acting through Citibank N.A., has been appointed by The Weir Group PLC (“Weir”), one of the world’s leading engineering businesses to the minerals, oil and gas industry, as depositary bank for its Level 1 American Depositary Receipt (ADR) programme, which trades on the US over-the-counter (OTC) marketplace under the symbol “WEGRY”. Each ordinary share represents 2 ADRs. Weir’s underlying ordinary shares are listed and trade on the London Stock Exchange under symbol “WEIR”.
“Weir is a global business with a strong presence and significant number of shareholders in North America,” said Jon Stanton, Weir Group Finance Director, “we are pleased to be working with Citi to support our ADR holders and further expand our investor base.”
“Citi is delighted to be appointed by The Weir Group as depositary bank for its Level 1 ADR programme,” said Dirk Jones, Global Head of Issuer Services, at Citi. “We look forward to working closely with Weir leveraging our global equity distribution network and providing best-in-class service 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.
Founded in 1871, The Weir Group PLC is based in Glasgow, Scotland and is one of the world’s leading engineering businesses. Weir designs, manufactures and services innovative solutions which make minerals, oil and gas and power customers more efficient. This is recognised in the global leadership positions it has developed in its core markets. The Group aims to be a partner of choice to our customers with a worldwide network of around 200 manufacturing facilities and service centres. The business has a presence in more than 70 countries, with over 14,000 people. www.global.weir/
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. Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi