Skip to main content

26 October 2010

Smiths Group today announces it will sponsor an ADR (American Depositary Receipt) programme to help broaden its investor base in the United States, the global technology company’s single most important market.

J.P. Morgan has been appointed depositary bank for the Level 1 ADR programme which will start trading today.

Peter Durman, Investor Relations Director, Smiths Group, said: “The US, with over half our Group sales and home to 9,400 employees, is an important market where we see significant opportunity to grow our investor base. Our sponsorship of this ADR program and partnership with J.P. Morgan will help us realise our ambitions to expand our investor presence in the US capital markets.”

ADRs allow US investors to buy shares in foreign companies without the need for cross-border or cross-currency transactions. They are priced and pay dividends in dollars and can be traded like the shares of US-based companies.

General media enquiries

Contact our global media and communications team at:

Tom Steiner

Tom Steiner

Head of External Communications

+44 (0) 20 7004 1600

Email Arrow right icon

Please note – the press team can only answer enquiries from accredited members of the press.

Related articles

Dubai Aviation Engineering Projects Has Signed A Deal With Smiths Detection 1 Copy

Smiths Detection awarded contract to provide checkpoint screening technology for Dubai International Airport

Read our latest company news as Smiths Detection is awarded a new contract from DAEP to provide checkpoint screening technology for Dubai International Airport

Find out more Call to action arrow icon
Davinci Gen V Gen Front View[36]

Smiths Interconnect launches ‘DaVinci Gen V’ next-generation test socket

Read our latest company news as Smiths Interconnect launches ‘DaVinci Gen V’ next-generation test socket

Find out more Call to action arrow icon
Cruise Ship

Smiths Detection secures deal to supply systems to major cruise lines

Find out more Call to action arrow icon
Sign up for updates Call to action arrow icon