British Airways Plc Appoints Citigroup Successor Depositary.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 -- British Airways Plc (BA) has appointed Citigroup Depositary Receipt Services successor depositary. BA is one of the world's largest international airlines with a network providing passenger and freight services to 149 destinations in 72 countries around the world. The company is headquartered in the U.K., with its main operating base Main Operating Base (MOB) is a term used by the United States military defined as "an overseas, permanently manned, well protected base, used to support permanently deployed forces, and with robust sea and/or air access. at London's Heathrow Airport The BA 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 trades 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. (NYSE NYSE See: New York Stock Exchange ) under the symbol BAB (CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. #110419306). Each American Depositary Share American Depositary Share (ADS) Foreign stock issued in the US and registered in the ADR system. (ADS) issued under the program represents ten ordinary shares, which 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. . "We are delighted to be appointed successor depositary by British Airways and look forward to supporting the company's goal of enhancing its base of US investors," said Nancy Lissemore, head of Citigroup Depositary Receipt Services. British Airways is one of the world's leading international airlines. It is a full-service network carrier and, as one of the world's longest established airlines, it continues to be regarded as an industry leader. British Airways operates one of the largest fleets in Europe, which was comprised of 288 aircraft as of September 30, 2005. In the six months between April 1 and September 30, 2005 almost 19 million people chose flights operated by British Airways. In the same period, the airline also carried 382,000 tons of cargo. British Airways is a founding member of the oneworld alliance. For further information visit www.bashares.com. For information on Citigroup ADR programs as well as industry trends and developments, please visit www.citigroup.com/adr. About Citigroup Citigroup (NYSE: C), the leading global financial services company has some 200 million customer accounts and does business in more than 100 countries, providing 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, and wealth management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at www.citigroup.com About Citigroup Corporate and Investment Banking Our Corporate and Investment Banking group achieves the extraordinary for our clients around the world. No financial institution is more committed to understanding and advancing the goals of its clients - our diverse and talented staff in some 100 countries advises companies, governments, and institutional investors on the best way to realize their strategic objectives. We create solutions for and provide the broadest possible capital and market access to thousands of issuer and investor clients, and no institution better executes the increasingly complex payment and cash management solutions required in today's global economy. Core business lines under Citigroup Corporate and Investment Banking include Global Capital Markets, Global Banking and Global Transaction Services. |
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