BT Group PLC Application to cease as reporting issuer in Canada (6534Y)
January 17 2022 - 5:30AM
UK Regulatory
TIDMBT.A
RNS Number : 6534Y
BT Group PLC
17 January 2022
17 January 2022
BT GROUP PLC
BT files an application to cease to be a reporting issuer in
Canada
BT Group plc ("BT") has applied to the British Columbia
Securities Commission ( "BCSC") as its principal regulator in
Canada for an order (the "order") to cease being a reporting issuer
in British Columbia, Quebec and Nova Scotia. BT is not a reporting
issuer in any other Canadian jurisdiction.
If the order is granted, BT will cease to be a reporting issuer
in Canada and, as a result, will no longer be required to file
financial statements and other continuous disclosure documents in
Canada pursuant to applicable Canadian securities laws.
BT has made this decision in order to reduce reporting costs and
complexity. It will continue to positively engage with Canadian
equity and debt investors, and remains committed to its customers
operating in Canada.
BT will continue to file all financial statements and other
continuous disclosure materials required to be filed by BT in
accordance with applicable laws and regulations of the United
Kingdom, including rules of the Financial Conduct Authority and the
London Stock Exchange. All such continuous disclosure documents of
BT are publicly available to all BT securityholders on the investor
relations page of BT's website www.bt.com/about and at the National
Storage Mechanism
https://data.fca.org.uk/#/nsm/nationalstoragemechanism. BT
securityholders resident in Canada will continue to receive copies
of continuous disclosure documents that are required to be
delivered to securityholders in the United Kingdom, in the same
manner and at the same time as is required under the applicable
laws and regulations in the United Kingdom, including pursuant to
the rules of the Financial Conduct Authority. A simultaneous
application has been made by British Telecommunications plc ("BT
plc") to the BCSC (as its principal regulator) and the Ontario
Securities Commission to cease to be a reporting issuer in British
Columbia, Ontario and Nova Scotia. BT plc is not a reporting issuer
in any other Canadian jurisdiction.
- Ends -
Enquiries
Press office:
Tom Engel Tel: +44 7947 711 959
Richard Farnsworth Tel: +44 7734 776 317
Investor relations:
Mark Lidiard Tel: 0800 389 4909
About BT
BT Group is the UK's leading telecommunications and network
provider and a leading provider of global communications services
and solutions, serving customers in 180 countries. Its principal
activities in the UK include the provision of fixed voice, mobile,
broadband and TV (including Sport) and a range of products and
services over converged fixed and mobile networks to consumer,
business and public sector customers. For its global customers, BT
provides managed services, security and network and IT
infrastructure services to support their operations all over the
world. BT consists of four customer-facing units: Consumer,
Enterprise, Global and its wholly-owned subsidiary, Openreach,
which provides access network services to over 650 communications
provider customers who sell phone, broadband and Ethernet services
to homes and businesses across the UK.
For the year ended 31 March 2021, BT Group's reported revenue
was GBP21,331m with reported profit before taxation of
GBP1,804m.
British Telecommunications plc is a wholly-owned subsidiary of
BT Group plc and encompasses virtually all businesses and assets of
the BT Group. BT Group plc is listed on the London Stock
Exchange.
For more information, visit www.bt.com/about
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