Citi announced that its Global Transaction Services business, acting through Citibank N.A., has been appointed by UK retailer Debenhams plc (Debenhams) as depositary for its sponsored Level 1 American Depositary Receipt (ADR) program. Debenhams ADRs trade in the OTC marketplace under the symbol DBHPL, with each ADR representing 4 ordinary shares. Debenhams ordinary shares are listed on the London Stock Exchange.
Dirk Jones, Global Head of Securities and Fund Services Client Sales Management at Citi said, Were extremely pleased that Debenhams has chosen Citi as depositary for their sponsored Level 1 program. We look forward to the opportunity to help Debenhams expand their global profile and increase their program visibility via Citis unmatched worldwide distribution network.
D.C.