HONG KONG, Nov. 30, 2021 /PRNewswire/ -- CNOOC Limited (the
"Company", SEHK: 00883, TSX: CNU) today announced that the
Company intends to deregister with the United States Securities and
Exchange Commission (the "SEC") and terminate reporting
obligations under the U.S. Securities Exchange Act of 1934, as
amended (the "Exchange Act").
The New York Stock Exchange LLC filed Form 25 with the SEC on
October 12, 2021 (Eastern Standard
Time), and the delisting of the Company's American
depository shares became effective following the close of the
market in New York on October 22,
2021 (Eastern Standard Time). As
such, the Company intends to file Form 15F with the SEC on November
30, 2021 (Eastern Standard Time) to
deregister all classes of its registered securities, including its
equity securities and all classes of debt securities issued by its
wholly-owned subsidiaries in registered offerings which are
guaranteed by the Company, and terminate its reporting obligations
under Section 13(a) and 15(d) of the Exchange Act. Thereafter, all
of the Company's reporting obligations under the Exchange Act will
be suspended from the date of filing the Form 15F unless the Form
15F is subsequently withdrawn or denied. Deregistration and
termination of the Company's reporting obligations under the
Exchange Act are expected to become effective 90 days after the
filing of Form 15F. Once the Form 15F is filed, the Company will
publish the information required under Rule 12g3-2(b) under the
Exchange Act on its website, www.cnoocltd.com.
In addition, the Company's American
depositary shares program will be terminated in due course in
accordance with the deposit agreement. The Company's shares will
continue to be listed and traded on The Stock Exchange of Hong Kong
Limited.
Notes to Editors:
More information about the Company is available at
http://www.cnoocltd.com.
*** *** *** ***
This press release includes "forward-looking statements" within
the meaning of the United States Private Securities Litigation
Reform Act of 1995, including statements regarding expected future
events, business prospectus or financial results. The words
"expect", "anticipate", "continue", "estimate", "objective",
"ongoing", "may", "will", "project", "should", "believe", "plans",
"intends" and similar expressions are intended to identify such
forward-looking statements.
These statements are based on assumptions and analyses made by
the Company in light of its experience and its perception of
historical trends, current conditions and expected future
developments, as well as other factors that the Company believes
are appropriate under the circumstances. However, whether actual
results and developments will meet the expectations and predictions
of the Company depends on a number of risks and uncertainties which
could cause the actual results, performance and financial condition
to differ materially from the Company's expectations, including but
not limited to the Company and its controlling shareholder being
listed in the list of the U.S. for sanction against companies with
alleged ties to the Chinese military, those associated with
fluctuations in crude oil and natural gas prices, macro-political
and economic factors, changes in the tax and fiscal regimes of the
host countries in which we operate, the highly competitive nature
of the oil and natural gas industry, environmental responsibility
and compliance requirements, the Company's price forecast, the
exploration and development activities, mergers, acquisitions and
divestments activities, HSSE and insurance policies and changes in
anti-corruption, anti-fraud, anti-money laundering and corporate
governance laws. For a description of these and other risks and
uncertainties, please see the documents the Company files from time
to time with the United States Securities and Exchange Commission,
including the Annual Report on Form 20-F filed in April of the
latest fiscal year. Consequently, all of the forward-looking
statements made in this press release are qualified by these
cautionary statements. The Company cannot assure that the results
or developments anticipated will be realised or, even if
substantially realised, that they will have the expected effect on
the Company, its business or operations.
*** *** *** ***
For further enquiries, please contact:
Ms. Jing Liu
Manager, Media & Public Relations
CNOOC Limited
Tel: +86-10-8452-3404
Fax: +86-10-8452-1441
E-mail: mr@cnooc.com.cn
Mr. Bunny Lee
Porda Havas International Finance Communications Group
Tel: +852 3150 6707
Fax: +852 3150 6728
E-mail: cnooc.hk@pordahavas.com
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SOURCE CNOOC Limited