Nestlé S.A. concentrates trading of its shares on SWX Swiss Exchange
To delist its shares from Euronext Paris S.A.'s Eurolist and the London Stock Exchange.
31/05/05 Nestlé S.A. has decided to delist its shares from Euronext Paris S.A.'s Eurolist and the London Stock Exchange.
This is part of Nestlé S.A.'s ongoing strategy of concentrating the trading of its shares on SWX Swiss Exchange in Zurich. Over the past few years, Nestlé S.A. delisted its shares from the Tokyo, Amsterdam, Brussels, Vienna and Frankfurt exchanges.
The decision was also motivated by low transaction volumes of Nestlé S.A. shares observed over several years on the Paris and London markets, equivalent to less than one percent of shares traded in Zurich.
The request to delist Nestlé S.A. shares from Euronext Paris S.A. has already been approved by the "Conseil d'orientation" of Euronext Paris S.A., without opposition from the French financial markets authority.
The share of Nestlé S.A. will be delisted from Euronext Paris S.A. after close of business on 27 July 2005. An announcement directed at shareholders is published in today's editions of France's Les Echos and La Tribune.
Nestlé S.A shares will be delisted from the London Stock Exchange on 29 June 2005, no less than 20 trading days after the present announcement.
On completion of these operations, Nestlé S.A. shares will be listed on SWX Swiss Exchange in Zurich only, and will also be available in the form of ADRs in the United States of America.
