The Global Transaction Services business of Citi has been appointed as depositary for the sponsored Level 1 American Depositary Receipt (ADR) program of IMI. The ADR program trades in the OTC marketplace, with each ADR consisting of two ordinary shares.

Citi will help the U.K. engineering company expand its investor presence in the U.S. capital markets. The shares of IMI are listed on the London Stock Exchange.

Click here for the release from Business Wire.