As previously announced, BT Group terminated its American Depositary Receipt (ADR) programme on 23 September 2019. Holders of American Depositary Shares (ADS) (each representing five ordinary shares of BT Group) that have yet to surrender their ADSs for cancellation by BT’s Depositary, JPMorgan Chase Bank, are reminded that they have until 23 March 2020 in order to surrender their ADSs for cancellation and take delivery of the ordinary shares represented thereby into an account in CREST.
If a holder fails to take any action on or prior to 23 March 2020, JPMorgan Chase Bank may sell any remaining deposited ordinary shares and return the net proceeds to the holder (after deduction of the cancellation fees and any other fees and expenses).
Please contact JPMorgan Chase Bank for more details on the ADS cancellation process.
BT remains committed to its US investor base and to customers and colleagues in the US, and to maintaining the highest standards of corporate governance and transparent financial reporting.