NEW YORK, Nov. 19, 2015 /PRNewswire/ -- BNY Mellon, a
global leader in investment management and investment services, has
been appointed by Anglo American plc
as depositary bank for its sponsored American depositary receipt
(ADR) program, replacing a previously unsponsored facility. The
ADRs will continue to trade on the U.S. over-the-counter market
under the new symbol 'NGLOY.'
Based in the United Kingdom,
Anglo American is engaged in the
exploration, mining, processing and smelting of platinum, diamonds,
iron ore, coal, copper, nickel and zinc. The company's predominant
focus is on precious metals and minerals (platinum and diamonds)
with a portfolio of businesses that includes base metals (copper
and nickel) and bulk commodities (iron ore, metallurgical coal and
thermal coal). Anglo American's
operations and pipeline of projects are located in southern
Africa, South America, Australia, North
America and Asia.
"Converting to a sponsored ADR program will facilitate
investment in Anglo American from
U.S. investors in response to demand for such a facility, while
serving to further broaden our shareholder base over the long
term," said Rene Medori, finance
director from Anglo American.
"Anglo American had one of the
U.K.'s largest unsponsored ADRs, and we look forward to working
with them to help transition to a sponsored program," said
Christopher M. Kearns, CEO of BNY
Mellon's Depositary Receipts business. "Sponsored ADRs can create
added visibility and other benefits for non-U.S. companies. Our
sector expertise includes having worked with numerous mining
companies listed in the U.K., Australia, South
Africa and Russia."
BNY Mellon acts as depositary bank for 56% of U.K. sponsored
programs1 and as depositary for more than 2,700 American
and global depositary receipt programs worldwide as of September 30, 2015. Acting in partnership with
leading companies from over 65 countries, BNY Mellon is committed
to helping securities issuers access the world's rapidly evolving
financial markets and delivers a comprehensive suite of depositary
receipt services. Learn more at www.bnymellon.com/dr.
BNY Mellon is a global investments company dedicated to helping
its clients manage and service their financial assets throughout
the investment lifecycle. Whether providing financial services for
institutions, corporations or individual investors, BNY Mellon
delivers informed investment management and investment services in
35 countries and more than 100 markets. As of Sept. 30, 2015, BNY Mellon had $28.5 trillion in assets under custody and/or
administration, and $1.6 trillion in
assets under management. BNY Mellon can act as a single point of
contact for clients looking to create, trade, hold, manage,
service, distribute or restructure investments. BNY Mellon is the
corporate brand of The Bank of New York Mellon Corporation (NYSE:
BK). Learn more at www.bnymellon.com. Follow us on Twitter
@BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for
the latest company news.
1Data from BNY Mellon and other depositary websites
as of October 9, 2015
This release is for informational purposes only. BNY Mellon
provides no advice nor recommendation or endorsement with respect
to any company or securities. Nothing herein shall be deemed to
constitute an offer to sell or a solicitation of an offer to buy
securities. Depositary Receipts: Not FDIC, State or Federal Agency
Insured; May Lose Value; No Bank, State or Federal Agency
Guarantee. BNY Mellon provides no advice nor recommendations or
endorsement with respect to any company, security or products based
on any index licensed by BNY Mellon, and we make no representation
regarding the advisability of investing in the same.
Contact:
Joseph F. Ailinger Jr
+1 617-722-7571
joe.ailinger@bnymellon.com
Malcolm Borthwick
+44 (0)20 7163 4109
malcolm.borthwick@bnymellon.com
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SOURCE BNY Mellon