Citi Appointed Successor Depositary for Diageo’s ADR Programme
by Business Wire
Citi today announced that its Citi Transaction Services business, acting through Citibank N.A., has been appointed by Diageo plc (“Diageo”), the world’s leading premium drinks business, as the successor depositary bank for its American Depositary Receipt (ADR) programme. Diageo’s ADRs trade on the New York Stock Exchange under the symbol “DEO”, with each ADR representing four ordinary shares. Diageo’s ordinary shares are listed on the London Stock Exchange.
Catherine James, Head of Investor Relations, commented “Diageo performs regular reviews of its service providers and we believe that Citi is best positioned to help us achieve our future goals for our ADR programme. We are looking forward to working closely with Citi to develop a strong working relationship, which I believe will benefit both Diageo and its ADR holders."
“We are delighted to be appointed successor depositary bank by a leading company such as Diageo,” Dirk Jones, Global Head of Securities and Fund Services Client Sales Management at Citi, said. “Citi’s investor relations expertise and unparalleled global distribution network will deliver the resources required to enable the success of Diageo’s ADR programme.”
Citi Transaction Services, a division of Citi’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 95 countries, Citi’s Transaction Services supports over 65,000 clients. As of the fourth quarter of 2012, it held on average $428 billion in liability balances and $13.2 trillion in assets under custody.
For more information on Citi’s Depositary Receipt Services, visit www.citi.com/dr.
Diageo is the world's leading premium drinks business. Diageo brings consumers a wide collection of beverage alcohol brands across the spirits, wine and beer categories, including Smirnoff, Guinness, Johnnie Walker, Baileys, J&B, Jose Cuervo, Captain Morgan and Tanqueray, as well as Beaulieu Vineyard and Sterling Vineyards wines. Diageo trades in over 180 countries and is listed on both the New York Stock Exchange (DEO) and the London Stock Exchange (DGE). For more information about Diageo, visit www.diageo.com
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi