France’s AXA Group announced that it will file a Form 25 with the U.S. Securities and Exchange Commission to voluntarily delist its American Depositary Shares (ADS) from theNew York Stock Exchange.
AXA said the “last trading day of the ADS on the NYSE is expected to be March 25, 2010. The delisting will be effective on March 26, 2010.
“Following the delisting, it is expected that AXA’s ADS will trade on the U.S. over-the-counter market and will be quoted on the OTC QX platform. Quotes will be available on www.oycqx.com.”
The bulletin also repeated the announcement, made in January, that “following the effectiveness of the delisting from the NYSE, AXA intends to file a Form 15F with the SEC to deregister and terminate its reporting obligations under the Exchange Act. AXA intends to file the Form 15F on March 26, 2010 and the Form should become effective within 90 days of such date.”
However, Europe’s second largest insurance group said it would “continue to publish its annual reports and other financial communications in both English and French, which will be available to U.S. ADR holders and other investors through AXA’s web site at: www.axa.com.”
Source: AXA Group
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