The Bank of New York announced today that Lloyds TSB Group plc has selected the Bank as depositary for its New York Stock Exchange listed American depositary receipt (ADR) program. Each ADR represents four ordinary shares and trades under the symbol “LYG.”
Lloyds TSB Group plc ordinary shares are listed on the London Stock Exchange.
Lloyds TSB Group is a UK-based financial services group. The company’s businesses provide banking and financial services in the UK and overseas.
Lloyds TSB’s principal area of operation is UK retail financial services, specifically in retail banking, mortgages, life assurance and property and casualty insurance. As of November 15, 2001, the company’s market capitalization was $57 billion.
The Bank of New York is the world’s largest depositary for American and global
depositary receipts, allowing non-U.S. companies to offer dollar-denominated
securities
to
investors worldwide.
The Bank currently issues depositary receipts for more than 1,400 programs representing 70 countries and accounts for 65% of all public sponsored depositary receipt programs.
This announcement is not an offer to sell or a solicitation of an offer to buy any securities.
The offering is made only by means of the prospectus.