BT Group PLC BT Group plc announces ADR Ratio Change (4212G)
November 20 2015 - 4:13AM
UK Regulatory
TIDMBT.A
RNS Number : 4212G
BT Group PLC
20 November 2015
BT Group plc announces ADR Ratio Change
20 November 2015
BT Group plc (LSE: BT, NYSE: BT), one of the world's leading
telecommunications services providers, announces an intended ratio
change to its NYSE-listed American Depositary Receipt ("ADR")
programme.
The ratio will change from the current one ADR per ten ordinary
shares to one ADR per five ordinary shares. The anticipated
effective date for the ratio change is 8 December 2015. To
implement the change, ADR holders on the record at the close of
business on 30 November 2015 will receive two ADRs for every one
ADR held. The new ADRs are expected to be distributed on or around
11 December 2015. There will be no change to the underlying
ordinary shares and no action is required by ADR holders.
These changes to the ADR ratio will bring the ADR price broadly
in line with the market average.
JPMorgan Chase Bank has been appointed to remain as depositary
bank for the ADR programme.
ENDS
For further information, please contact:
BT Investor Relations
Tel: +44 20 7356 4909
Email: ir@bt.com
About BT
BT's purpose is to use the power of communications to make a
better world. It is one of the world's leading providers of
communications services and solutions, serving customers in more
than 170 countries. Its principal activities include the provision
of networked IT services globally; local, national and
international telecommunications services to its customers for use
at home, at work and on the move; broadband, TV and internet
products and services; and converged fixed/mobile products and
services. BT consists principally of five customer-facing lines of
business: BT Global Services, BT Business, BT Consumer, BT
Wholesale and Openreach.
For the year ended 31 March 2015, BT Group's reported revenue
was GBP17,979m with reported profit before taxation of
GBP2,645m.
British Telecommunications plc (BT) is a wholly-owned subsidiary
of BT Group plc and encompasses virtually all businesses and assets
of the BT Group. BT Group plc is listed on stock exchanges in
London and New York. For more information, visit www.btplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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