19th Feb 2015 09:00
LONDON (Alliance News) - Specialist healthcare company BTG PLC Thursday outlined plans to raise its profile with investors in the US, launching a programme for American Depositary Receipts that will represent their shares.
Each ADR will represent one BTG ordinary share, the company said.
"Establishing a sponsored ADR offers US investors a more structured platform on which to invest in our company. This step will raise our profile with the key US investment base and supports our investor outreach programme," Andy Burrows, vice president, corporate and investor relations, said in a statement.
JP Morgan will act as the depositary bank for the ADR programme.
BTG shares were up 0.9% at 800.50 pence on Thursday.
By Samuel Agini; [email protected]; @samuelagini
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