Citis Global Transaction Services business, acting through Citibank N.A., has today announced that it has been appointed by Aviva plc (Aviva), the world’s fifth largest insurance group, as the depositary bank for its New York Stock Exchange (NYSE)-listed American Depositary Receipt (ADR) program.
Avivas ADRs will trade on the NYSE under the symbol AV (CUSIP: 05382A104). Avivas ordinary shares are listed on the London Stock Exchange (LSE) under the code AV with each ADR representing 2 ordinary shares.
Listing on the New York Stock Exchange is an important development for Aviva, says Andrew Moss, group chief executive, Aviva. The US is the largest savings market in the world and represents a major growth opportunity for us over the long term. Listing now is a natural step as more than 20% of our shareholders are in the US and we expect that number to increase.
We look forward to cultivating a long-term relationship with Aviva, working together to optimize the benefits of their new ADR program, says Ayden Dagg, head of depositary receipt services for Europe, the Middle East and Africa, Citi. Aviva will have access to Citis valued-added resources, including our product and market expertise, wealth of experience in investor relations support and unparalleled global equity distribution network
D.C.