Syngenta announces filing for voluntary delisting of American Depositary Shares from NYSE
NYSE had advised Syngenta AG that it would suspend trading of the ADSs prior to the market opening on January 8, 2018.
Syngenta AG announced yesterday that it would file the relevant form with the Securities Exchange Commission (“SEC”) in order to voluntarily delist its American Depositary Shares (“ADSs”) from the New York Stock Exchange (“NYSE”). The delisting will become effective on January 18, 2018. NYSE had advised Syngenta AG that it would suspend trading of the ADSs prior to the market opening on January 8, 2018. As such, holders of ADSs will not be able to trade their ADSs on NYSE thereafter.
The delisting is in connection with the completion of the acquisition of all publicly held registered shares of Syngenta AG by CNAC Saturn (NL) B.V. Upon satisfaction of the applicable requirements for deregistration, Syngenta AG intends to file the relevant form with the SEC under the Securities Exchange Act of 1934 (the “Exchange Act”), requesting the deregistration of the ADSs under the Exchange Act and the suspension of Syngenta AG’s reporting obligations under the Exchange Act. Syngenta AG has not arranged (nor is it currently planning to arrange) for the listing of the ADSs on another securities exchange or for quotation of the ADSs on any other quotation medium.
Syngenta is a leading agriculture company helping to improve global food security by enabling millions of farmers to make better use of available resources. Through world class science and innovative crop solutions, our 28,000 people in over 90 countries are working to transform how crops are grown. We are committed to rescuing land from degradation, enhancing biodiversity and revitalizing rural communities.
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