Change in ADS Ratio

RNS Number : 6275E

Burberry Group PLC

11 February 2015

 



Burberry Group plc - Change in ADS Ratio

Burberry Group plc (the "Company") announces an intended ratio change to its sponsored Level I American Depositary Receipt ("ADR") programme. The current ratio is one American Depositary Share ("ADS") per two ordinary shares. The new ratio will be one ADS per one ordinary share. The anticipated effective date for the ratio change is 24 February 2015. There will be no change to the underlying ordinary shares.

To implement the change, ADR holders on the record at the close of business on 23 February 2015 New York time will receive a distribution of one additional ADS for every ADS held. The new ADSs are expected to be distributed on or around 24 February 2015. No action is required by ADR holders.

Bank of New York Mellon has been appointed as the successor depositary bank for the ADR programme effective 9 February 2015.

11 February 2015

 

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