Delisting (stock) - Factbites

Delisting (stock) - Factbites
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Topic: Delisting (stock)

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In the News (Wed 23 Dec 09)

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	Press Release [Notice Regarding Application for Delisting of Shares]
		In and after April, 2002, delisting applications will be filed with the four stock exchanges, from time to time.
		The Company's shares will continue to be listed on the Tokyo Stock Exchange, Osaka Securities Exchange, New York Stock Exchange, London Stock Exchange and Brussels Stock Exchange (in total five).
		Furthermore, the Milan Stock Exchange and Madrid Stock Exchange might participate in the Euro-next hereafter.
	www.tdk.co.jp /teaah01/aah07600.htm

	Delisting
		Delisting / when the stock of a company is removed from a stock exchange.
		Delisting \ When the stock of a company is removed from a stock exchange.
	itlocus.com /glossary/delisting.html

	Voluntary Delisting Of Securities
		delisting of securities of a company is not allowed at a regional stock exchange which is situated at the registered office of the company or closest to the registered office.
		After deciding the stock exchange on which the delisting is proposed, the promoters are required to give exit opportunities to those shareholders who are situated in the region in which that particular stock exchange is situated.
		It should be noted that delisting of securities can be done only at non-regional stock exchanges i.e.
	www.indiainfoline.com /lega/lico/vode.html

	Kmart is facing delisting
		Delisting from the exchange typically occurs when a stock sells below $1 per share for at least 30 trading days.
		Even though the stock is worth almost nothing now, and in fact may be extinguished and new stock issued as part of a reorganization, investors who hold existing shares still may experience a let-down by a delisting.
		The biggest impact may be the psychological one on Kmart employees and others who have held company stock.
	www.freep.com /money/business/kmart11_20020711.htm

	Application to Delist YAMAHA Shares from Stock Exchanges in Osaka and Nagoya - YAMAHA Global Gateway
		After the delisting applications are submitted to and accepted by the two exchanges, the delisting will become effective at a later date that will in principle be one month from the time the shares' listings are moved to the exchange's pre-delisting sections.
		Because the volume of YAMAHA's ordinary shares traded on the exchanges in Osaka and Nagoya is small, it is expected that delisting from those exchanges would have a very small effect on shareholders and investors, and it was accordingly decided to apply for such delistings.
		Subsequently, the Tokyo Stock Exchange will be the only stock exchange on which the Company's shares are traded.
	www.global.yamaha.com /news/2003/20030326b.html

	rediff.com: What is delisting of shares? Why do cos delist?
		Delisting of shares from Indian stock exchanges has become a major issue for the financial regulator and the finance ministry to tackle.
		Comprehensive provisions should include procedures governing the entire subject of delisting of securities of companies, and should cover cases in which companies on their own seek delisting of their securities from all or some of the stock exchanges, as well as those where the stock exchanges can compulsorily delist the securities of a company.
		But it must be noted that companies have resorted to delisting due to depressed market conditions and subsequent acquisition of the remaining securities from the shareholders.
	www.rediff.com /money/2002/sep/17tut.htm

	Delisting: How It Happens And What It Means
		In the penny stock areas, the fraudsters flourish and stocks are easily manipulated; major exchanges don't want to be associated with this type of behavior, so they delist the type of companies that is liable to engage in it.
		The main problem with being delisted is the trust factor: people lose their faith in the stock.
		Some of the factors that trigger the delisting process are a low bid price and low market capitalization.
	www.investopedia.com /articles/02/032002.asp

	Konica Minolta Applies to Delist Shares from 3 Exchanges
		Tokyo (JCNN) - Konica Minolta Holdings has announced the intention to submit applications for delisting of common shares and Global Bearer Certificate from the Nagoya Stock Exchange, Frankfurt Stock Exchange, and Dusseldorf Stock Exchange.
		Konica will continue to be listed on the Tokyo Stock Exchange and Osaka Securities Exchange.
		The company does not anticipate any impact of the delisting on it's shareholders and the investors.
	www.japancorp.net /Article.Asp?Art_ID=8753

	OTCEI
		SEBI had appointed a Committee on Delisting of Shares to inter-alia examine and review the present conditions for delisting of securities of companies listed on the recognized stock exchanges and suggest norms and procedures in connection therewith.
		‘voluntary delisting’ means delisting of securities of a body corporate voluntarily by a promoter or an acquirer or any other person other than the stock exchange(s).
		16.1Where the securities of the company are delisted by an exchange, the promoter of the company shall be liable to compensate the security-holders of the company by paying them the fair value of the securities held by them and acquiring their securities, subject to their option to remain security-holders with the company.
	www.otcei.net /product/circular160203.html

	SCO in Danger of NASDAQ Delisting
		In a press release, SCO explained that it had been unable to file its Form 10-K for 2004 because it is examining matters related to the issuance of shares of the company's common stock pursuant to its equity compensation plans.
		The SCO Group Inc. was warned by NASDAQ Wednesday that it is in danger of being delisted from the NASDAQ SmallCap Market stock market because it has failed to file its 2004 annual report by its deadline.
		SCO is expected to request a hearing on the delisting notice.
	www.eweek.com /article2/0,1759,1766058,00.asp

	Listing and Delisting Requirements
		Neither the Pink Sheets nor the OTC Bulletin Board has listing standards, although the SEC requires companies to be current in their filings before their stock can be quoted on the OTCBB.
		You can also find out whether the New York Stock Exchange is seeking to delist a company by visiting the NYSE's "Press Releases" page and selecting "Reviews/Suspensions" in the drop-down category box.
	www.sec.gov /answers/listing.htm

	Nera
		Nera's primary market is the Oslo Stock Exchange, where its ordinary shares have been listed since January 1995 and will continue to trade after the delisting of the ADRs becomes effective.
		Nera believes that the continued listing of its ordinary shares on the Oslo Stock Exchange provides sufficient ongoing liquidity to the shareholders and that this delisting will have a negligible impact on the shareholders and investors of the company.
		Those stockholders who may wish to sell their ADRs before May 30, 2002 should consult their brokers.
	www.nera.no /PR_200205_865329_5.html

	ORIX/Notice Regarding Application to Delist from the Nagoya Stock Exchange
		After the application for delisting has been accepted by the Nagoya Stock Exchange, subject shares will be put in administrative status and the delisting procedures will be completed about one month after that date.
		Trading volume of shares of our common stock on the Nagoya Stock Exchange has been extremely low.
		TOKYO, Japan - September 14, 2004 - ORIX Corporation (TSE: 8591; NYSE: IX), a leading integrated financial services group, today announced that a representative executive officer has decided to submit an application to delist the Companies' common stock from the Nagoya Stock Exchange.
	www.orix.co.jp /grp/prs_e/prs04/040914_NagoyaE.htm

	Sundaram Finance Group - Group Companies
		Subsequently, the equity shares of the Company have been delisted from Madras Stock Exchange Limited (MSE) with effect from January 27, 2004, in accordance with SEBI (Delisting of Securities) Guidelines, 2003, for voluntary delisting.
		The Company's shares were listed in the Madras Stock Exchange in 1972 and in the National Stock Exchange in January 1998.
		The company was started with a paid-up capital of Rs.2.00 Lakhs and later went public in 1972.
	www.sundaramfinance.com /companyinfo/history.html (91 words)

	AvestaPolarit Shares to be Delisted from the Helsinki Stock Exchange Following Transfer of Title of all Shares to Outokumpu : ArriveNet Press Releases : Industry
		On November 15, 2002, the Listing Committee of the Helsinki Stock Exchange approved AvestaPolarit Oyj Abp's application, delisting to take effect immediately after such time as Outokumpu Oyj has gained title to the minority holdings.
		On November 7, 2002, AvestaPolarit Oyj Abp submitted an application to the Listing Committee of the Helsinki Stock Exchange regarding the delisting of the shares.
		Accordingly, the company's shares will be delisted from the Helsinki Stock Exchange as soon as the Helsinki Stock Exchange has received notification of the fact that title to the minority holdings has been passed to Outokumpu Oyj.
	press.arrivenet.com /industry/article.php/330477.html (357 words)

	Kyzen Corporation Reports Approval to Delist From Boston Stock Exchange
		The Company received a "No Objection Letter" from the Boston Stock Exchange on May 26, 2004 and filed the delisting application with the Securities and Exchange Commission on May 28, 2004.
		On May 5, 2004, the Company announced its intent to file an application with the Securities and Exchange Commission for the delisting of the Company's Common Stock and Warrants from the Boston Stock Exchange.
		Effective July 2, 2004, the Company's Common Stock and Warrants will no longer be traded on the Boston Stock Exchange.
	www.forrelease.com /D20040701/lath111.P1.07012004160736.25806.html (357 words)

	Genmab Applies to Delist From the Neuer Markt and the Frankfurt Stock Exchange
		Upon final delisting from the Frankfurt Stock Exchange, all COISs will be dissolved and COIS shareholders will be credited with ordinary shares at the cost of Genmab.
		Since Genmab's IPO in October 2000 more than 95 percent of trading in the company's stock has taken place on the Copenhagen Stock Exchange.
		Genmab A/S (CSE: GEN and Neuer Markt: GE9D) announced that it will today submit an application to Deutsche Börse AG to de-list its Co Ownership Interests (COIS) from the Regulated Market of the Frankfurt Stock Exchange and for trading to be ended on the Neuer Markt.
	www.genmab.com /html/2002_07_26.shtml (637 words)

	Camtek Ltd. Requests the Tel Aviv Stock Exchange to Delist Shares
		The delisting will become effective within 90 days from today, during which time the shares will continue to be traded on the Tel Aviv Stock Exchange.
		Rafi Amit, Camtek's CEO, commented: "Since the Company's shares were dual-listed on the Tel Aviv Stock Exchange in December 2001, there has been virtually no trading on the TASE, and all of the trading has been on Nasdaq.
		has requested that the Tel Aviv Stock Exchange delist its shares from trade in Tel Aviv.
	www.forrelease.com /D20030720/lnsu002.P1.07202003153400.21887.html (149 words)

	Technology News: News: BN.com Faces Nasdaq Delisting
		Delisting often signals a company's collapse because it all but erases its chances of raising capital through stock sales.
		For example, delisting spelled the beginning of the end for several now-defunct e-tailers, including Webvan, eToys and Egghead.com.
		was delisted but continues to operate as a privately held firm.
	www.technewsworld.com /story/19032.html (149 words)

	CNN.com - Site Search
		It was a one-page fax from the Nasdaq stock exchange, dated Nov. 9, informing the Garden.com (GDEN) chief financial officer that her company would be delisted - that is, removed from the Nasdaq.
		China portal Netease faces a possible Nasdaq delisting on Friday for failing to submit its annual report.
		Chinese regulators have delisted a company from its exchanges for the first time.
	search.cnn.com /cnn/search?source=cnn&invocationType=search/top&sites=cnn&query=delisting (149 words)

	TechWeb News SCO Faces Nasdaq Delisting
		The Lindon, Utah, company said the potential delisting from the Nasdaq SmallCap Market is for its failure to file a 10-K annual report for the fiscal year ended Oct. 31 in a "timely fashion." The 10-K, required by the Securities and Exchange Commission, is a comprehensive summary of a company's performance.
		SCO's stock would be delisted Feb. 25, unless the company seeks a hearing on the notice.
		SCO said it plans to request a hearing, which means the delisting would be stayed pending a decision by the Nasdaq Listing Qualifications Panel.
	www.techweb.com /rss/60401771 (149 words)

	ProxyMed appeals delisting threat
		Earlier this month, Nasdaq notified the Atlanta, Ga.-based clearinghouse and claims processor that it faced delisting because the company had failed to file its latest quarterly statement on time.
		Atlanta, Ga. — Officials with ProxyMed say they are confident that the company will not be delisted from the Nasdaq stock exchange due to what it considers a âroutine, administrative reviewâ of its past filings.
		Itâs that delay that triggered the Nasdaq delisting threat.
	www.healthcareitnews.com /NewsArticleView.aspx?ContentID=2054 (149 words)

	Voluntary Delisting A Cost-Efficient Alternative To Going Private Bowne Newsletter
		The New York Stock Exchange requires that both the board and the audit committee approve the delisting, that the company issue a press release, and that it notify its 35 largest shareholders, with a copy to the NYSE.
		If no significant opposition materializes, the SEC approves the delisting, which automatically deregisters the company under 1934 Act Sections 12(b) (for exchange listers) or 12(g) (for Nasdaq listers), as the case may be.
		Before delisting from Nasdaq or the OTCBB, issue a press release sufficiently in advance to let holders sell their shares.
	www.bowne.com /newsletters/newsletter.asp?storyID=812 (149 words)

	SCO Skirts Nasdaq Delisting with Post-Deadline Hearing
		Beginning Feb. 18, Nasdaq added an "E" to the end of SCO's trading symbol, making it SCOXE, to warn investors that the stock is in danger of being delisted.
		Then, on Feb. 16, Nasdaq informed SCO that it would be delisted from the exchange at the opening of business Feb. 25 unless the company appealed or submitted its late report.
		The Unix and IP (intellectual property) litigation company, as of the morning of Feb. 25, still has not filed its 2004 annual report.
	www.eweek.com /article2/0,1759,1770278,00.asp?kc=EWRSS03129TX1K0000616 (149 words)

	Petition against Naked Shorting: Archived Berlin Stock Exchange News:
		July 15, 2004 FTS Group Requests Delisting from Berlin-Bremen Stock Exchange
		July 14, 2004 Isonics Corporation to Demand Delisting from Berlin Stock Exchange; Shares of Company Traded on Berlin Exchange Without Company's Authorization
		June 1, 2004 BIB Holdings Ltd. Successfully Delisted from Berlin-Bremen Stock Exchange
	www.investigatethesec.com /ArchiveBerlin.html (149 words)

	An MBendi Profile: Swaziland Stock Exchange - General Information
		At the end of 1997, market capitalisation was dramatically down, at US$ 110.9 million, largely as a result of the delisting of Lonrho Sugar.
		Exchange Control approval is required for foreigners wishing to invest on the stock market.
		There is a handful of listed public companies, as well as some listed government stock options, listed debentures, government guaranteed stock and non trading mutual funds.
	mbendi.co.za /exsw.htm (427 words)

	Wells Financial Corp. Announces Modified Dutch Auction to Purchase up to 150,000 Shares of Outstanding Stock
		The Board of Directors of Wells has selected a modified Dutch auction tender offer with the goals of deregistering Wells' common stock from the reporting obligations imposed on Wells under the Securities Exchange Act of 1934, as amended, and delisting such stock from the Nasdaq National Market.
		Immediately following any reverse stock split, the Company may initiate a forward stock split in order to increase the number of issued and outstanding shares of our common stock to pre-reverse stock split levels, less any fractional shares that are cashed-out in the reverse stock split.
		If stockholders are cashed out as a result of a reverse stock split, they will receive the same price per share determined pursuant to the offer.
	www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/09-28-2004/0002260223&EDATE= (427 words)

	US Airways' delisting would free up coveted stock symbol / Single-letter ticker IDs, like airline's U, called 'vanity plates' of New York exchange
		One-letter symbols may be prized, he said, but the company's brand is built around its UPS acronym, and using it as its stock symbol just makes more sense.
		As evidence of the status the symbols carry, Goldstein pointed to long- running speculation that the Big Board is reserving two of them -- I and M -- in case NYSE officials ever succeed in luring technology giants Intel Corp. and Microsoft Corp. away from the rival Nasdaq Stock Market, where their shares now trade.
		When the NYSE is considering whether to assign one of the coveted one- letter symbols to a company, it considers factors such as the level of activity in the company's stock and the advertising the company does around its symbol, said Culhane, the NYSE official.
	www.sfgate.com /cgi-bin/article.cgi?file=/chronicle/archive/2002/08/15/BU15762.DTL&type=business (427 words)

	The Korea Times : Kosdaq's Leading Firms Rushing to Escape to Korea Stock Exchange
		Market watchers said that Kosdaq-related institutions such as the Korea Securities Dealers Association and the Kosdaq Stock Market itself need to improve market transparency and enforce stronger policies for delisting insolvent firms to win back the trust of investors and the registered companies.
		The Kosdaq Stock Market is being neglected by not only the investors, but also the companies that are registered there as more and more leading firms are seeking to relist their shares on the main Korea Stock Exchange (KSE).
		Daum said that by listing on the KSE, it expects to become part of the KOSPI200 index, which tracks the 200 largest stocks by market value on the KSE, and is hoping that foreign investors will increase their holdings in the company.
	times.hankooki.com /lpage/biz/200410/kt2004100317544911910.htm (427 words)

	Oslo Stock Exchange - RatetheNet.com: oslo b rs
		After delisting the company from the Oslo Stock Exchange and divesting non-core assets, Industri Kapital was left with the original explosives business founded...
		Oslo Stock Exchange - Oslo Bors (OBX) - Norway
		Stock exchanges InvestHub.com's Finance Dictionary and Glossary of Investment Terms Oslo Stock Exchange
	www.anangel-american.com /oslo-stock-exchange.htm (427 words)

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