IMI Appoints Citi as Depositary for Level I ADR Programme
IMI, a global engineering solutions group, has appointed Citi’s global transaction services (GTS) business, acting through Citibank NA, as depositary for its sponsored Level 1 American depositary receipt (ADR) programme. IMI’s ADR programme trades in the over-the-counter (OTC) marketplace.
Will Shaw, investor relations Director, IMI, said: “The US is an important market for the group where we see significant opportunity to grow our investor base. Our sponsorship of this ADR programme and partnership with Citi will help us realise our ambitions to expand our investor presence in the US capital markets.”