Infineon Announces Voluntary Filing for Deregistration with the U.S. Securities and Exchange Commission
August 06 2010 - 6:36AM
Business Wire
Infineon Technologies AG (FWB:IFX)(OTCQX:IFNNY) has voluntarily
filed a Form 15-F with the U.S. Securities and Exchange Commission
to terminate the registration of Infineon’s ordinary shares under
the U.S. Securities Exchange Act. As a result of this filing,
Infineon’s obligations to file certain reports with the SEC,
including an annual report on Form 20-F and current reports on Form
6-K, have been suspended. Infineon expects that the termination of
its reporting obligations will become effective in 90 days.
Infineon believes that these steps will serve the interests of the
company’s shareholders by helping to reduce the complexity and
administrative costs related to the company’s corporate reporting
systems. Infineon voluntarily delisted from the New York Stock
Exchange (“NYSE”) in April 2009, and since that time its American
Depositary Shares (ADS) have been traded over the counter on the
OTCQX International Premier market.
Infineon’s ordinary shares will continue to be listed on the
Frankfurt Stock Exchange, as well as regional German stock
exchanges, and Infineon will continue to maintain the highest
standards of transparent financial reporting, investor relations
and corporate governance.
Infineon also remains committed to serving its investor base in
the United States. Infineon intends to maintain a sponsored “Level
1” ADR facility, and expects that its ADSs will continue to be
quoted on the OTCQX International Premier market under the symbol
“IFNNY”. Infineon will make the information available in English
required by Rule 12g3-2(b) under the U.S. Securities Exchange Act
of 1934 on its website at www.infineon.com.
About Infineon
Infineon Technologies AG, Neubiberg, Germany, offers
semiconductor and system solutions addressing three central
challenges to modern society: energy efficiency, communications,
and security. In the 2009 fiscal year (ending September), the
company reported sales of Euro 3.03 billion with approximately
25,650 employees worldwide. With a global presence, Infineon
operates through its subsidiaries in the U.S. from Milpitas, CA, in
the Asia-Pacific region from Singapore, and in Japan from Tokyo.
Infineon is listed on the Frankfurt Stock Exchange (ticker symbol:
IFX) and in the USA on the over-the-counter market OTCQX
International Premier (ticker symbol: IFNNY).
Further information is available at www.infineon.com
This news release is available online at
www.infineon.com/press/
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