Citi has been appointed by Land Securities Group, a U.K. real estate investment trust (REIT), as depositary bank for its sponsored Level 1 American Depositary Receipt (ADR) program.
As a Level 1 program, Land Securities’ ADR shares will trade in the U.S. over-the-counter (OTC) market under the symbol “LSGOY”.
Each ADR represents one ordinary share of Land Securities’, which are listed on the London Stock Exchange under the symbol “LAND”.
U.K. REIT Appoints Citi as Depositary Bank
Citi has been appointed by Land Securities Group, a U.K. commercial property company, as depositary bank for its sponsored Level 1 American Depositary Receipt (ADR) program.