BT to delist from NYSE, terminate ADR program [Seeking Alpha]
BT GROUP (BT)
US:NYSE Investor Relations:
btplc.com/sharesandperformance/contactus/contactinvestorrelations/contactinvestorrelations.htm
Company Research
Source: Seeking Alpha
BT to delist from NYSE, terminate ADR program - BT Group plc (NYSE:BT) | Seeking Alpha On the Move | Tech BT to delist from NYSE, terminate ADR program Aug. 14, 2019 9:48 AM ET BT Group plc (BT) Jason Aycock BT Group ( -3.1% delist from the New York Stock Exchange That's a move aimed at cutting reporting costs and complexity; the ADR program makes up about 2% of issued shares, and North American investors hold about 20% of BT's issued shares. It will file a Form 25 with the SEC on Sept. 3, and expects the delisting to be effective after the New York market close on Sept. 13. It's notified its ADR depositary, JPMorgan Chase, of its intent to terminate the ADR program, which should become effective Sept. 23. The company will deregister its equity securities as early as possible, and subsidiary British Telecommunications will deregister its registered debt securities. See all stocks on the move » Now read: Telekomunikasi Indonesia: Valuation Premium Might Not Sustain » Subscribe
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