Deutsche Bank Appointed as Successor Depositary Bank for the Sponsored Level I American Depositary Receipt Program of Legal & General Group plc
LONDON & NEW YORK--(BUSINESS WIRE)-- Deutsche Bank (DB) today announced its appointment as successor depositary bank for the non-capital raising sponsored Level I American Depositary Receipt (ADR) program of Legal & General Group plc (L&G).
L&G is a leading provider of risk, savings, and investment management products in the United Kingdom. With over 176 years of experience, L&G is using its expertise to grow its insurance and investment businesses in the US, Asia and Europe. L&G is responsible for investing £381 billion worldwide (as at 30 June 2012), on behalf of investors, policyholders and shareholders and is one of the largest investors on the London stock market, responsible for around 5% of all investments on the London Stock Exchange. L&G has over eight million individual customers globally with life assurance, pensions, investment or general insurance plans.*
Akbar Poonawala, Head of Global Equity Services at Deutsche Bank, said, Winning the depositary mandate for L&G represents significant recognition of Deutsche Banks superior client servicing capabilities from one of the United Kingdoms most prestigious companies. We look forward to providing L&G ADR holders with the highest level of service.
*Source: Legal & General Group plc. (December 2012)
About Deutsche Bank Trust & Securities Services
Deutsche Banks Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of financial structures and transactions. It is a leading depositary for American and Global Depositary Receipts, providing value-added services to companies raising capital in international markets or listing on the New York, NASDAQ, London, Luxembourg, Singapore or NASDAQ Dubai stock exchanges by means of depositary receipts. It also offers both mutual and alternative fund administration and provides securities custody, clearing and agency lending services from a global network spanning more than 30 markets. Additional details are available on www.adr.db.com or www.tss.db.com.
This announcement appears as a matter of record only. This announcement has been approved and/or communicated by Deutsche Bank AG New York.
American Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the "Act"). The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Services Authority. This notice has been approved and/or communicated by Deutsche Bank AG New York. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant or in any way represent, as to the accuracy or completeness of the details contained herein or therein. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© December 2012 Deutsche Bank AG. All rights reserved.
Deutsche Bank AG
Press & Media Relations
Duncan King, +1 212 250 4864
Source: Deutsche Bank AGCopyright Business Wire 2012