Re Delisting of Shares
March 26 2002 - 7:29AM
UK Regulatory
RNS Number:5721T
TDK Corporation
26 March 2002
Contacts:
Nobuyuki Koike
TDK Corporation
Tel: 03-5201-7102
e-mail; nkoike@mb1.tdk.co.jp
NOTICE REGARDING APPLICATION
FOR DELISTING OF SHARES
TOKYO JAPAN, March 26 2002, -- TDK Corporation (the "Company") hereby gives a
notice that the Company, at the meeting of the Board of Directors held on March
26, 2002, resolved upon applications for the delisting of shares of the Company
to be filed with the stock exchanges of Paris, Amsterdam, Frankfurt and
Switzerland on which shares of the Company are currently listed as follows:
Particulars
1. Reason for Application for Delisting
As a result of economic integration in the Euro zone, including currency
unification, the significance of multiple stock markets in the continental
Europe decreases, and accordingly, the Company determined to continue
listing of its shares only in Brussels, which is close to Luxembourg - the
most important business base of the Company in Europe, but terminate the
listing on the four other stock exchanges.
2. Stock Exchanges other than the Aforesaid Four Stock Exchanges
The Company's shares will continue to be listed on the Tokyo Stock
Exchange, Osaka Securities Exchange, New York Stock Exchange, London Stock
Exchange and Brussels Stock Exchange (in total five).
3. The Date of Applications for Delisting
In and after April, 2002, delisting applications will be filed with the
four stock exchanges, from time to time.
4. Forecast hereafter
Since the Brussels Stock Exchange is like the Paris Stock Exchange and
Amsterdam Stock Exchange under the same umbrella of Euro-next as the
holding company, shares of the Company will be traded on the Paris Stock
Exchange and Amsterdam Stock Exchange on the basis similar to trading prior
to the delisting, because the listing on any one stock exchange of the
Euro-next qualifies for the trading on any other stock exchange of the
Euro-next, and accordingly, any reduction of trading volume of shares of
the Company due to the delisting hereby applied, need not be concerned
about. Furthermore, the Milan Stock Exchange and Madrid Stock Exchange
might participate in the Euro-next hereafter.
This information is provided by RNS
The company news service from the London Stock Exchange
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