rob@rar.org.uk
Skiing is best, Mickey comes next
- Joined
- Jun 17, 2000
This from the recent Euro Disney press release:
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Shares to Trade Exclusively on Euronext Paris
Over the past few years, market trends and changes in the regulatory environment, including the recent European Union Prospectus Directive which harmonises the law on public offerings across the European Union, have facilitated access for investors to trade in shares listed in European Union member states other than their own. These changes, combined with the high cost of maintaining separate listings relative to historical trading volumes have led to the Companys decision to cancel its share listings on the London Stock Exchange and Euronext Brussels. Following the cancellation of the listings, investors will still be able to trade in the Companys shares on Euronext Paris.
The Company will separately communicate to each holder of the Companys depositary receipts in the United Kingdom the details of the process for exchanging depositary receipts for underlying shares. If depositary receipts are not exchanged, the underlying shares will be sold on the holders behalf. The last day of trading of the Companys securities on the London Stock Exchange will take place on October 31, 2005.
The listing cancellation in Belgium does not require any specific action by shareholders, and a final listing cancellation date will be announced after obtaining approval from the relevant market authority.
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Regards
Rob
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Shares to Trade Exclusively on Euronext Paris
Over the past few years, market trends and changes in the regulatory environment, including the recent European Union Prospectus Directive which harmonises the law on public offerings across the European Union, have facilitated access for investors to trade in shares listed in European Union member states other than their own. These changes, combined with the high cost of maintaining separate listings relative to historical trading volumes have led to the Companys decision to cancel its share listings on the London Stock Exchange and Euronext Brussels. Following the cancellation of the listings, investors will still be able to trade in the Companys shares on Euronext Paris.
The Company will separately communicate to each holder of the Companys depositary receipts in the United Kingdom the details of the process for exchanging depositary receipts for underlying shares. If depositary receipts are not exchanged, the underlying shares will be sold on the holders behalf. The last day of trading of the Companys securities on the London Stock Exchange will take place on October 31, 2005.
The listing cancellation in Belgium does not require any specific action by shareholders, and a final listing cancellation date will be announced after obtaining approval from the relevant market authority.
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Regards
Rob