BNY Mellon, the global leader in investment management and investment services, has been appointed by Informa plc as depositary bank for its sponsored American depositary receipt (ADR) program. Previously, Informa traded in the U.S. over-the-counter (OTC) market as an unsponsored DR. Each Informa ADR represents two ordinary shares and trades OTC under the symbol "IFJPY." Informa's ordinary shares trade on the London Stock Exchange under the symbol "INF."
Informa provides academics, businesses and individuals with up-to-the minute information and highly specialist skills and services. Informa operates in over 40 countries and provides knowledge and information via some of the world's most respected and longest standing brands.
"The U.S. is an important market for Informa, both operationally and in terms of our investor base," said, Adam Walker, finance director of Informa. "We have been steadily increasing our investor relations efforts as interest levels in our stock are high. The move to a sponsored ADR program with BNY Mellon is a natural next step, improving liquidity and increasing our visibility here further."
"Informa's decision to focus on its U.S. investor base is forward-looking in light of recent market trends," said Christopher M. Kearns, CEO of BNY Mellon's Depositary Receipts business. "We'll work closely with the company to broaden its outreach as it strives to diversify its shareholder base."
BNY Mellon acts as depositary for more than 2,700 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.