The Bank of New York Selected as Depositary for The ADR Listing of Mitchells & Butlers PLC.Business Editors NEW YORK--(BUSINESS WIRE)--April 24, 2003 The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. today announced that it has been selected as depositary for the 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 of Mitchells & Butlers plc, a newly listed company formed as a result of the separation of Six Continents PLC, which was effective April 15, 2003. Each Mitchells & Butlers plc (MAB) ADR represents one ordinary share and 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. under the symbol "MLB." The company's ordinary shares are listed 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. . MAB is an operator of managed pubs throughout the U.K. with over 2,100 pubs, bars and restaurants in the group. They have developed a brand portfolio in the pub industry by creating a series of their own brands, such as Vintage Inns, Toby Carvery carvery Noun pl -veries a restaurant where customers pay a set price for unrestricted helpings of carved meat and other food , All Bar One, O'Neill's and Ember Inns, and through acquiring selected brands, such as Harvester, Browns, and Alex. The Bank of New York is the world's largest depositary for American and global depositary receipts, allowing non-U.S. companies to offer dollar-denominated securities to investors worldwide. The Bank currently issues depositary receipts for more than 1,400 programs representing 70 countries and accounts for 67% of all public sponsored depositary receipt programs. This announcement is not an offer to sell or a solicitation of an offer to buy any securities. The offering is made only by means of the prospectus. The Bank of New York, founded in 1784 by Alexander Hamilton, is the United States' oldest bank and is the principal subsidiary of The Bank of New York Company, Inc. (NYSE NYSE See: New York Stock Exchange : BK), a financial holding company. With over $79 billion in total assets as of March 31, 2003, the Company provides a complete range of banking and other financial services to corporations and individuals worldwide through its basic businesses, namely, Securities Servicing and Global Payment Services, Corporate Banking, BNY Asset Management and Private Client Services, Retail Banking, and Global Market Services. Additional information on the Company is available at www.bankofny.com. |
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