Receive E-mail Alerts |
Danone filing to delist its ADSs and expects to file shortly to deregister
under the U.S. securities laws
As announced on April 26 2007, Danone is filing with the U.S. Securities and Exchange Commission (SEC) a Form 25 requesting the delisting of its American Depositary Shares from the New York Stock Exchange. Delisting is expected to take effect as of the open of trading on July 5, 2007.
The Company will shortly thereafter file a Form 15F with the SEC to terminate the registration of its ordinary shares under the Securities Exchange Act of 1934. The Company expects that this termination of registration will become effective 90 days after its filing with the SEC. As a result of this filing, the Company's obligation to file with the SEC certain reports, including an annual report on Form 20-F and reports on Form 6-K, will be immediately suspended.
Also as previously announced, the Company does not at present intend to terminate its American Depositary Receipt (ADR) facility, maintained with Citibank, N.A. ADR holders may thus choose to retain their ADRs following the delisting and deregistration.
