Tyco International Ltd. to Cancel Secondary Listing of Common Shares in London
November 12 2003 - 8:45AM
PR Newswire (US)
Tyco International Ltd. to Cancel Secondary Listing of Common
Shares in London PEMBROKE, Nov. 12 /PRNewswire-FirstCall/ -- Tyco
International Ltd. 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
DATASOURCE: Tyco International Ltd. CONTACT: Media: Gary Holmes,
+001-609-720-4387, or Investor Relations: Ed Arditte,
+001-609-720-4621, John Roselli, +001-609-720-4624, all of Tyco Web
site: http://www.tyco.com/ Company News On-Call:
http://www.prnewswire.com/comp/897850.html
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