Notice on Applying for Delisting American Depositary Shares from the NASDAQ Exchange and Terminating Registration with the U.S. Securities and Exchange Commission
INTERNET INITIATIVE (IIJI)
US:NASDAQ Investor Relations:
iij.ad.jp/en/ir
Company Research
Source: GlobeNewswire
TOKYO, Feb. 07, 2019 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. (“IIJ”, NASDAQ: IIJI, TSE1: 3774) announced that IIJ’s Board of Directors today resolved that IIJ will apply for delisting of its American Depositary Shares (“ADSs”) from the NASDAQ Exchange (the “NASDAQ”). In connection with the delisting, IIJ intends to file for the termination of registration of its ADSs under the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”). 1. Reasons for Delisting IIJ listed its ADSs on the NASDAQ in August 1999. While it was quite rare in Japan for Internet-related companies to be listed, Internet-related companies were expanding their businesses through capital market financing in the U.S.A. Since the listing, along with business expansion, IIJ has made efforts to enhance disclosure for shareholders and investors, to comply with the disclosure requirements of the U.S. Securities laws and regulations, to prepare consolidated financial statements in accorda
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