British Aerospace changes name to BAE SYSTEMS plc.Business Editors NEW YORK--(BUSINESS WIRE)--May 5, 2000 J.P. Morgan, as depositary bank, is pleased to announce the name change of British Aerospace British Aerospace (BAe) was a UK aircraft and defence systems manufacturer, now part of BAE Systems. History The company was formed as a statutory corporation on April 29, 1977 as a result the Aircraft and Shipbuilding Industries Act. plc to BAE SYSTEMS BAE Systems British manufacturer of aircraft, missiles, avionics, naval vessels, and other aerospace and defense products. BAE Systems was formed (1999) from the merger of British Aerospace (BAe) with Marconi Electronic Systems. plc. The company has an over-the-counter American depositary receipt American Depositary Receipt (ADR) Certificates issued by a US depository bank, representing foreign shares held by the bank, usually by a branch or correspondent in the country of issue. (ADR ADR - Astra Digital Radio ) program, the details of which are as follows: ADR effective date: May 8, 2000 Old Symbol: BTASY New Symbol: BAESY Ratio: 1 ADS: 4 ordinary shares Old CUSIP: 110418 20 9 New CUSIP: 05523R 10 7 Share class: Ordinary shares Par value: 2.5 pence Country of incorporation: United Kingdom Industry: Aerospace/defense Traded on: OTC Depositary: Morgan Guaranty Trust Company of New York Custodian: Morgan Guaranty Trust Company of New York, London As this is just a name change, no new ADRs will be distributed. Existing ADRs remain valid and do not need to be exchanged for new ones. The world's largest ADR depositary and a global financial services firm, J.P. Morgan serves clients through an integrated range of advisory, financing, trading, investment management, and research capabilities. Visit www.adr.com, Morgan's central resource for timely worldwide market intelligence and investor information. For further information on Morgan, visit www.jpmorgan.com An ADS, or American depositary share American Depositary Share (ADS) Foreign stock issued in the US and registered in the ADR system. , is a U.S. dollar-denominated form of equity ownership in a non-U.S. company. It represents a specified number of foreign shares on deposit at a custodian bank Custodian bank Applies mainly to international equities. Bank or other financial institution that keeps custody of stock certificates and other assets of a mutual fund, individual, or corporate client. See: Depository Trust Company (DTC) in the issuer's home country and carries the corporate and economic rights of the underlying foreign shares. An ADR, or American depositary receipt, is a certificate evidencing ownership of a certain number of ADS shares. The term ADR is sometimes used to refer to ADS. Neither this announcement nor the information contained herein constitutes an offer or solicitation by J.P. Morgan for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. Information herein is believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy. J.P. Morgan is the marketing name for J.P. Morgan & Co. Incorporated and its subsidiaries worldwide, including Morgan Guaranty Trust Company of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . |
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