NEW YORK, September 10, 2012 — BNY Mellon, the global leader in investment management and investment services, has been appointed by UBM plc as the sponsored depositary bank for its American Depositary Receipt (ADR) program. Each UBM ADR represents one ordinary share and trades on the OTC markets under the symbol "UBMPY." UBM's local shares trade on the London Stock Exchange under the code "UBM" and are a constituent of the FTSE 250 share index.
UBM is a global live media and B2B communications, marketing service, and data provider. UBM's 6,500 employees help professionals in more than 40 countries to connect and engage with each other, with the markets they serve, and with the information they need to succeed via live events, digital media, and publications.
"We established this sponsored ADR facility in order to enhance our U.S. investor relations efforts," said Robert Grey, chief financial officer for UBM. "We look forward to working with BNY Mellon and to attracting further interest in our equity from the U.S. capital market."
"Since Sarbanes-Oxley was enacted 10 years ago, OTC-traded DRs have, by far, been the most popular type of sponsored ADR program, being an easy and efficient way for global companies to gain exposure to a wider range of U.S. investors," said Michael Cole-Fontayn, CEO of BNY Mellon's Depositary Receipts business. "We'll work closely with UBM to help raise visibility of its new ADR with the U.S. buy- and sell-side communities."
BNY Mellon acts as depositary for more than 2,500 American and global depositary receipt programs, acting in partnership with leading companies from 68 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 financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $27.1 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.5 trillion in outstanding debt, and processes global payments averaging $1.4 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn more at www.bnymellon.com or follow us on Twitter@BNYMellon.
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.