CGG: to Apply for the Delisting of its American Depositary Shares from the New York Stock Exchange and Deregistration with the Securities and Exchange Commission
CGG (CGG)
US:NYSE Investor Relations:
cgg.com/investors
Company Research
Source: GlobeNewswire
CGG to Apply for the Delisting of its American Depositary Shares from the New York Stock Exchange and Deregistration with the Securities and Exchange Commission Paris, France - September 11, 2018CGG S.A. ("CGG") today announces that the Board of Directors has unanimously approved the voluntary delisting of its American Depositary Shares ("ADSs") from the New York Stock Exchange ("NYSE") and its voluntary deregistration with the United States Securities and Exchange Commission ("SEC"). CGG believes that the costs associated with continuing the listing and registration of its ADSs exceed the benefits received by CGG, as the primary market for CGG shares is Euronext Paris. Accordingly, CGG intends to file a Form 25 with the SEC on September 21, 2018 to effect the delisting with the NYSE and intends to file a Form 15F with the SEC on October 1, 2018 to terminate its SEC reporting obligations and the registration of its ADSs under the Securities Exchange Act of 1934, as amended.
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