Allied Domecq PLC Shares Begin Trading On the New York Stock Exchange Under Symbol ``AED''.Business Editors NEW YORK--(BUSINESS WIRE)--July 31, 2002 Allied Domecq, a leading international spirits, wine and quick service restaurants business, today listed its shares on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . Shares of Allied Domecq, which has a market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of approximately $6.6 billion, will be traded in the form of American Depositary Shares (ADSs) with one ADS representing four Allied Domecq ordinary shares. The ADSs will trade under the ticker symbol "AED AED - Automated Engineering Design ". No new Allied Domecq shares will be issued in connection with the listing. JPMorgan Chase Bank will act as the depositary bank. Senior management of Allied Domecq, including Philip Bowman, Chief Executive, Graham Hetherington, Chief Financial Officer, and Kim Manley, Chief Marketing Officer, visited the New York Stock Exchange to ring the opening bell and mark the listing on the Big Board. Commenting on the listing, Philip Bowman said, "As a leading global player in spirits, wine and quick service restaurants, Allied Domecq is committed to increasing our visibility in the United States, our largest market. Today's listing on the New York Stock Exchange enables the company to capitalize on the strong consumer and investor interest in our branded businesses. We are also very pleased to provide investors as well as our employees and business partners a greater opportunity to participate in Allied Domecq's success." "We are proud to welcome Allied Domecq to our family of listed companies," said NYSE NYSE See: New York Stock Exchange Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Dick Grasso. "Allied Domecq, which joins a prestigious group of great brands that have made the NYSE their home away from home, enjoys the distinction of being the first FTSE-100 company to list on the NYSE in 2002. We look forward to an outstanding partnership with Allied Domecq and its shareholders." Allied Domecq's ordinary shares trade on The London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. under ALLD ALLD Automatic Line Leak Detectors ALLD Airborne Laser Locator Designator . Further information can be found at http://www.allieddomecq.com/. |
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