Franchise News Release: London, - (Jul-3-2002)


Allied Domecq To List On New York Stock Exchange


Allied Domecq, a leading international spirits and wine company and quick service Restaurant operator, today announced its plans shortly to list its ordinary shares on the New York Stock Exchange in the form of American Depositary Shares (ADSs).

 

Allied Domecq has a market capitalization of approximately $7 billion. No new Allied Domecq shares will be issued in connection with the listing. The proposed symbol for the company's ADSs is "AED".

Commenting on the proposed NYSE listing, Philip Bowman, Chief Executive, said "Allied Domecq is a leading global player in spirits, wine and quick service restaurants. Our listing will increase our visibility in North America, our largest market, and enable the company to capitalize on the strong consumer and investor interest in our branded businesses. The listing will give US debt and equity investors as well as our employees and business partners a greater opportunity to participate in Allied Domecq's success."

Allied Domecq is the second largest spirits company in the world and a leading quick service restaurant operator. Allied Domecq's ordinary shares trade on The London Stock Exchange under ALLD.




 

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