British Telecommunications PLC BT plc announces intention to deregister from SEC (0496J)
August 14 2019 - 6:30AM
UK Regulatory
TIDM72NS
RNS Number : 0496J
British Telecommunications PLC
14 August 2019
14 August 2019
This announcement contains inside information.
BRITISH TELECOMMUNICATIONS PLC ANNOUNCES INTENTION TO DEREGISTER
AND TERMINATE REPORTING OBLIGATIONS WITH THE SEC
British Telecommunications plc (BT plc) hereby announces its
intention to today file a Form 15F with the US Securities and
Exchange Commission (SEC) to deregister all of its registered debt
securities and expects deregistration to become effective 90 days
later. The decision to delist and deregister is aimed at reducing
reporting costs and complexity whilst maintaining the highest
standards of corporate governance and transparent financial
reporting.
BT plc notes the announcement made by its parent company, BT
Group plc, with respect to its intention to delist its American
Depositary Shares from the New York Stock Exchange, terminate its
American Depositary Receipts programme and to deregister its equity
securities and terminate its reporting obligations with the SEC.
The full text of the announcement can be found at
http://www.morningstar.co.uk/uk/NSM
BT plc will continue to positively engage with US debt
investors, and its obligations to its existing bondholders will not
be affected by the deregistration.
BT plc reserves the right to delay these filings or to withdraw
them prior to their effectiveness, and to otherwise change its
plans in this regard.
The person responsible for making this announcement is Rachel
Canham, BT Group's Company Secretary.
For further information
Investor relations:
Mark Lidiard Tel: +44 20 7356 4909
Press office:
Richard Farnsworth Tel: +44 20 7356 5369
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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August 14, 2019 06:30 ET (10:30 GMT)
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