By Adriano Marchese

J.P. Morgan Securities PLC said Tuesday that it intends to sell 46.7 million BT Group PLC shares by way of accelerated bookbuild.

The company said that the sale of shares follows the termination of BT Group's American Depositary Receipt program with J.P. Morgan.

Holders of the ADRs had until March 23 to surrender their American depositary shares for cancellation.

Any shareholder who failed to do so, can participate in the sale.

J.P. Morgan acted as BT Group's depositary until BT Group terminated its program on Sept. 23.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

March 24, 2020 13:32 ET (17:32 GMT)

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