Clydesdale Bank Seeks London Listing
December 14 2015 - 10:19AM
Dow Jones News
LONDON--U.K. banking business Clydesdale Bank PLC said Monday
that it will seek listing on the London Stock Exchange and
Australian Securities Exchange, as part of the company's demerger
from National Australia Bank.
The company's ordinary shares are expected to be admitted to
trading on the London Stock Exchange and CHESS Depositary Interests
on the Australian Securities Exchange. The IPO and demerger are
expected to simultaneously complete in early February 2016.
Clydesdale Bank was established in Glasgow in 1838, and together
with Yorkshire Bank, form the U.K. operations of National Australia
Bank.
Write to Tapan Panchal at tapan.panchal@wsj.com
(END) Dow Jones Newswires
December 14, 2015 10:04 ET (15:04 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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