The Bank of New York Chosen as Successor Depositary Bank by CRH
NEW YORK, December 1, 2006 -- The Bank of New York, a global leader in securities servicing, has been selected as successor depositary by CRH plc for its American depositary receipt (ADR) program. Each CRH plc ADR represents one ordinary share. The ADRs trade on the New York Stock Exchange under the symbol "CRH."
Headquartered in Ireland, CRH is an international building materials company with a presence across 25 countries employing approximately 80,000 people at over 3,000 locations. CRH is engaged in the manufacture and distribution of a range of materials for the construction industry. Operations focus on three closely related core businesses: primary materials, value-added building products and building materials distribution.
Christopher Sturdy, executive vice president and head of The Bank of New York's Depositary Receipt Division, said, "Our attention to servicing the needs of issuers as well as their investors and brokers continues to differentiate us and make us the market’s depositary of choice. We welcome the opportunity to help CRH further develop their existing strong profile with US investors."
The Bank of New York is depositary for more than 1,250 American and global depositary receipt programs, a 64% market share, acting in partnership with leading companies from 61 countries. With an unrivalled commitment to helping securities issuers succeed in the world’s rapidly evolving financial markets, the Bank delivers the industry's most comprehensive suite of integrated depositary receipt, corporate trust and stock transfer services. Additional information is available at www.adrbny.com.
The Bank of New York Company, Inc. (NYSE: BK) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, asset management, and private banking. The Company's extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. Additional information is available at www.bankofny.com.
The Bank of New York provides no advice nor recommendation or endorsement with respect to any company or security. Nothing herein shall be deemed to constitute an offer or solicitation of an offer to buy or sell securities.
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