Telkom gives date for NYSE delisting
The telecommunications operator said it intends to file a Form 25 with the Securities and Exchange Commission (SEC) on about August 17, and provide a copy thereof to the NYSE to effect the delisting on about August 27.
“The delisting is expected to be effective 10 days after the filing of Form 25; following this Telkom will file a Form 15F with the SEC to deregister and terminate its reporting obligations under the Exchange Act. If Telkom’s American Depositary Receipts (ADRs) are delisted from the NYSE as of August 27, 2009, the last trading day of such ADRs will be August 26, 2009,” the group said.
“The Board decided to delist from the New York Stock Exchange given the current global economic climate and the business imperative for Telkom to reduce its cost base,” Telkom concluded.
Telkom NYSE delisting discussion
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