The Bank of New York has been selected by SThree plc as the depositary bank for its American depositary receipt (ADR) program.
Each SThree ADR represents one ordinary share. The ADRs trade on the over-the-counter market under the symbol “SERTY,” and the ordinary shares are listed on the London Stock Exchange under the symbol “STHR.”
SThree currently operates 12 brands, the four largest being Computer Futures, Huxley Associates, Progressive and Pathway, and has 33 offices in the UK, 13 in Europe and one in New York.
“We selected The Bank of New York as depositary because of its proven track record,” says Michael Nelson, CFO of SThree. “We are entering the U.S. market to broaden our investor base and to globally expand our brand, and we believe the bank will help us reach these goals with our ADRs.”