Business
BT announces intention to deregister from SEC
BT announces intention to deregister from SEC.
About this update from Bt Group Plc
[{"type":"text","content":"\n \nRNS Number : 0490J BT Group PLC 14 August 2019 \n\n 14 August 2019\nThis announcement contains inside information.\nBT ANNOUNCES INTENTION TO DELIST FROM NEW YORK STOCK EXCHANGE AND TERMINATE ADR PROGRAMME, AND TO DEREGISTER AND TERMINATE REPORTING OBLIGATIONS WITH THE SEC\n· BT intends to delist its American Depositary Shares from the New York Stock Exchange and terminate its American Depositary Receipt programme\n· BT intends to deregister its equity securities and the registered debt securities of its subsidiary, British Telecommunications plc, in order to reduce reporting costs and complexity\n· BT remains committed to its US investor base and to customers and colleagues in the US, and to maintaining the highest standards of corporate governance and transparent financial reporting\nBT Group plc (BT) will today provide written notice to the New York Stock Exchange (NYSE) of its intention to delist its American Depositary Shares (ADSs). In relation to the delisting, BT intends to file a Form 25 with the US Securities and Exchange Commission (SEC) on 3 September 2019 and expects the delisting will become effective following the close of the market in New York on 13 September 2019, from which time BT's ADSs will no longer be traded on t...