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Athens News Agency: News in English, 10-08-30
CONTENTS
[01] OTE to delist from NYSE
[01] OTE to delist from NYSE
(ANA-MPA) -- Hellenic Telecommunications Organisation (OTE) intends to
delist from the New York Stock Exchange within September, OTE's
management said in an announcement on Monday.
The announcement said that OTE will provide written notice to the NYSE
of its intention to delist. OTE also intends to file the related Form
25 with the SEC on Sept. 9. Once the delisting has become effective at
around Sept. 20 and the company meets the criteria for deregistration,
(ANA-MPA) it intends to file Form 15F with the SEC in order to
deregister its equity securities.
OTE intends to maintain an American Depositary Receipt programme on a
so-called "Level I" basis in order to enable investors to trade ADRs in
the US over-the-counter (OTC) market. One ADS is equivalent to 0.5 OTE
shares. (ANA-MPA)
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