10/27/03
NEW YORK, N.Y., October 27, 2003 - The Bank of New York announced today that it has been selected by The British Land Company PLC as depositary for its American depositary receipt (ADR) program. The company is a constituent of the FTSE 100 Index, and its ordinary shares are listed on the London Stock Exchange. Each ADR represents one ordinary share of the company and trades on the Over-the-Counter market under the symbol "BTLCY."
The British Land Company PLC’s principal activities are property investment and development. The group is also engaged in financing, investment and asset management, and its investments are located predominantly in the United Kingdom.
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 Company, Inc. (NYSE: BK) is a global leader in securities servicing for issuers, investors and financial intermediaries. The Company plays an integral role in the infrastructure of the capital markets, servicing securities in more than 100 markets worldwide. The Company provides quality solutions through leading technology for global corporations, financial institutions, asset managers, governments, non-profit organizations, and individuals. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has a distinguished history of serving clients around the world through its five primary businesses: Securities Servicing and Global Payment Services, Private Client Services and Asset Management, Corporate Banking, Global Market Services, and Retail Banking. Additional information on the Company is available at www.bankofny.com.
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