BNY Mellon Appointed as Depositary Bank by Britvic plc
NEW YORK, March 3 /PRNewswire-FirstCall/ -- BNY Mellon, the global leader in asset management and securities servicing, has been selected by Britvic plc (Britvic) as the depositary bank for its American depositary receipt (ADR) program. Each Britvic ADR represents two ordinary shares and trades on the International tier of the Over-the-Counter market, otcQX. Britvic's ordinary shares trade on the Main Market of the London Stock Exchange under the symbol "BVIC."
Britvic is a branded soft drink business in the U.K. and Ireland, selling more than 1.7 billion liters of still and carbonated soft drinks each year, including such brands as Robinsons, Tango and Fruit Shoot. Britvic is also the exclusive bottler of a number of PepsiCo beverage brands in the U.K. and Ireland.
"Establishment of the ADR program and quoting on the otcQX International market will facilitate ownership for a broader range of investors who will be able to benefit from any of our future successes in the U.S.," said John Gibney, group finance director of Britvic. "We look forward to building our relationship with BNY Mellon over the coming years and are confident that their expertise and capabilities will help drive our strategy forward."
"We are excited to help Britvic unlock the investment potential of the U.S. investment community," said Michael Cole-Fontayn, chief executive officer of BNY Mellon's Depositary Receipts business. "As the world's leading depositary, BNY Mellon will utilize its many resources to develop a mutually beneficial partnership with Britvic and its investors."
BNY Mellon acts as depositary for more than 2,100 American and global depositary receipt programs, acting in partnership with leading companies from 67 countries. With an unrivaled commitment to helping securities issuers succeed in the world's rapidly evolving financial markets, the company delivers the industry's most comprehensive suite of integrated depositary receipt, corporate trust and stock transfer services. Learn more at www.bnymellon.com/dr.
BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $22.3 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $12 trillion in outstanding debt, and processes global payments averaging $1.6 trillion per day. More information is available at bnymellon.com.
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.
SOURCE BNY Mellon
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