Citigroup Appointed Successor Depositary by Imperial Chemical Industries PLC
New York, June 15, 2004
– Citigroup Depositary Receipt Services has been appointed successor
depositary by Imperial Chemical Industries PLC (ICI), a global specialty
products and paints leader headquartered in the U.K., for its American
Depositary Receipt (ADR) program. The ADRs are listed on the New
York Stock Exchange (NYSE).
Each ADR issued under the program represents four ordinary shares
and trades under the NYSE symbol “ICI” (CUSIP #452704505).
ICI’s ordinary shares trade on the London Stock Exchange.
“We are pleased to be appointed successor depositary for ICI’s
ADR program, and to support the company’s goal to broaden
and deepen its US investor base,” said Sanjeev Nanavati, Managing
Director of Citigroup Depositary Receipt Services.
ICI is one of the world’s largest producers of specialty products
and paints. It is a global leader in creating, developing and marketing
ingredients for foods and personal care, adhesives, specialty polymers,
electronic materials, fragrances and flavors. Together with its
traditional strengths in paints, ICI is a major player in the worldwide
development of sensory products. Products made by ICI are the vital
ingredients that add value to its customers’ products and
processes. ICI has 35,000 employees worldwide, and had sales in
2003 of over $10 billion. Further information can be found on ICI’s
website – www.ici.com.
For information on Citigroup ADR programs as well as industry trends
and developments, please visit www.citigroup.com/adr.
About Citigroup Depositary Receipt
Services
Citigroup Depositary Receipt Services is a market leader in bringing
quality issuers to the U.S. market and promoting American Depositary
Receipts as an effective capital markets tool. Citibank began offering
ADRs in 1928 and today is widely recognized for providing non-U.S.
companies with a gateway to the world of resources Citigroup has to
offer. In addition, our financial strength and global presence provides
clients with access to Citigroup's on-the-ground presence and in-depth
knowledge of 90 local markets.
Depositary Receipt Services is a business line within Citigroup®
Global Transaction Services, a leading provider of integrated cash
management, trade finance and securities services for corporations,
financial institutions, intermediaries and governments around the
world. With over $ 115 billion in average liability balances, more
than $ 6.7 trillion in assets under custody and the largest proprietary
branch network, Citigroup’s award-winning operating systems
and Internet-based delivery channels enable clients to manage and
monitor working capital and investments more efficiently, streamline
transaction processing cycles, and re-engineer receivables and payment
processes. Citigroup® Global Transaction Services provides clients
with access to Citigroup’s full range of capabilities and solutions
along with an on-the-ground presence and in-depth knowledge of more
than 90 local markets. For additional information, see www.transactionservices.citigroup.com
About Citigroup
Citigroup (NYSE: C), the preeminent global financial services company
with some 200 million customer accounts in more than 100 countries,
provides consumers, corporations, governments and institutions with
a broad range of financial products and services, including consumer
banking and credit, corporate and investment banking, insurance, securities
brokerage, and asset management. Major brand names under Citigroup’s
trademark red umbrella include Citibank, CitiFinancial, Primerica,
Smith Barney, Banamex, and Travelers Life and Annuity. Additional
information may be found at: www.citigroup.com.
The above information is being provided solely for information
purposes by Citibank, N.A. At publication deadline, this information
was believed to be accurate, but Citibank, N.A. makes no representation
or warranty as to correctness of the information set forth above.
The above information does not constitute a recommendation, solicitation
or offer by Citibank, N.A. for the purchase or sale of any of the
above-listed securities, nor shall this material be construed in any
way as investment or legal advice or a recommendation, reference or
endorsement by Citibank, N.A.
