Signet Group plc, the world’s largest specialty retail jeweler, began trading on New York Stock Exchange (NYSE) under the ticket symbol “SIG.” No new shares are being issued in conjunction with this listing. Deutsche Bank is the depositary for Signet’s American Depository Shares (ADSs), each of which is equivalent to 10 ordinary shares.
Signet ordinary shares trade on the London Stock Exchange under the ticker symbol “SIG.”
Signet has a market capitalization of approximately $3.4 billion and is parent company of “Kay Jewelers” and “Jared The Galleria Of Jewelry” in the U.S. The U.S. division accounts for some 70% of Group sales and Kay Jewelers is now the largest specialty retail jeweler in the US based on sales.
To mark Signet’s listing on the NYSE, members of Signet’s senior management, including James McAdam, chairman, and Terry Burman, chief executive, rung the opening bell and executed the ceremonial first trade of Signet shares on the NYSE trading floor.
Signet has selected Van der Moolen to represent it as its specialist firm on the NYSE.
Prior to the NYSE listing, Signet’s ADSs had been quoted on NASDAQ since 1988 under the ticker symbol “SIGY.”