France's Orange to exit New York Stock Exchange
Adds spokesperson comments in paragraphs 3-4
Sept 25 (Reuters) -French telecom operator Orange ORAN.PA intends to delist its shares from the New York Stock Exchange (NYSE), it said on Wednesday, citing the financial and administrative requirements of the secondary listing.
"The decision to voluntarily delist from the NYSE and to deregister from the SEC was made after careful consideration by the board of directors, taking into account the significant financial and administrative requirements of maintaining the NYSE listing and SEC registration," the group said in a press release.
This decision "aims primarily to simplify our administrative workload, rather than to achieve significant cost reductions", an Orange spokesperson told Reuters.
Savings will remain "modest" compared to the group's expenses, he said, adding that Orange expects a simplification of its reporting requirements, thanks to the unified and standardised Euronext system.
It plans to file an application with the Securities and Exchange Commission in the fourth quarter of this year to start the delisting process. The delisting will be effective 10 days after that filing, it said.
The exit from the NYSE is expected to have no impact on Orange's U.S. clients or partners or its presence in the U.S. market, the French group said.
Orange said it would also proceed to the deregistration of two sets of debt securities, previously issued on the NYSE.
Reporting by Alban Kacher; editing by Jason Neely and Emelia Sithole-Matarise
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
