Delisting from LSE
November 12 2003 - 9:17AM
UK Regulatory
RNS Number:9895R
Tyco International Ld
12 November 2003
TYCO INTERNATIONAL LTD. TO CANCEL SECONDARY LISTING OF COMMON SHARES IN LONDON
PEMBROKE, Bermuda, November 12, 2003 -- Tyco International Ltd. (NYSE: TYC;
BSX: TYC; LSE: TYI) today announced that it intends to delist Tyco common shares
from the Official List of the UK Listing Authority and from trading on the
London Stock Exchange plc, effective from close of business on December 12,
2003.
This action is being taken due to the low trading volume of Tyco shares on the
London Stock Exchange and the costs associated with the maintenance of the
London listing. Tyco common shares will continue to be listed on the New York
Stock Exchange and on the Bermuda Stock Exchange.
Until the cancellation of the listing on close of business on December 12, 2003,
Capita Registrars (formerly IRG plc) will continue to act as Tyco's transfer
agent in the United Kingdom. After that date, as Tyco will no longer retain a
branch register or transfer agent in the UK, all communications relating to
share registration, dividends and similar matters should be sent to Tyco's
global transfer agent, Mellon Investor Services, LLC, at Mellon Investor
Services, LLC, 85 Challenger Road, Ridgefield Park, NJ 07660, U.S.A. (telephone:
001-201-329-8810). A letter is being sent to shareholders with registered
addresses in the UK today informing them of this change.
About Tyco International
Tyco International Ltd. is a diversified manufacturing and service company.
Tyco is the world's largest manufacturer and servicer of electrical and
electronic components; the world's largest manufacturer, installer and provider
of fire protection systems and electronic security services; and the world's
largest manufacturer of specialty valves. Tyco also holds strong leadership
positions in medical device products, and plastics and adhesives. Tyco operates
in more than 100 countries and had fiscal 2003 revenues from continuing
operations of approximately $37 billion.
Forward-Looking Information
This release may contain certain "forward- looking statements" within the
meaning of the United States Private Securities Litigation Reform Act of 1995.
These statements are based on management's current expectations and are subject
to risks, uncertainty and changes in circumstances, which may cause actual
results, performance or achievements to differ materially from anticipated
results, performance or achievements. All statements contained herein that are
not clearly historical in nature are forward looking and the words "anticipate,"
"believe," "expect," "estimate," "plan," and similar expressions are generally
intended to identify forward-looking statements. The forward-looking statements
in this release include statements addressing the following subjects: future
financial condition and operating results. Economic, business, competitive and/
or regulatory factors affecting Tyco's businesses are examples of factors, among
others, that could cause actual results to differ materially from those
described in the forward-looking statements.
More detailed information about these and other factors is set forth in Tyco's
Annual Report on Form 10-K for the fiscal year ended September 30, 2002, as
amended, and in Tyco's Quarterly Report on Form 10-Q for the quarter ended June
30, 2003. Tyco is under no obligation to (and expressly disclaims any such
obligation to) update or alter its forward-looking statements whether as a
result of new information, future events or otherwise.
Contacts:
Media: Gary Holmes, (001) 609-720-4387
Investor Relations: Ed Arditte, (001) 609-720-4621
John Roselli, (001) 609-720-4624
This information is provided by RNS
The company news service from the London Stock Exchange
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