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HEAD announces intention to delist from NYSE
10 Mar '08
4 min read
Head N.V. a leading global manufacturer and marketer of sports equipment, announced its intention to delist its ordinary shares from the New York Stock Exchange and terminate its registration and reporting obligations under the US Securities Exchange Act of 1934.
Head NV will provide written notice to the NYSE of its intention to delist its ordinary shares. It intends to file a Form 25 with the Securities and Exchange Commission (SEC) on or about 21st March 2008 to effect the delisting. The delisting is expected to be effective 10 days after this filing.
Head NV intends to discontinue the movement of ordinary shares to its New York register (New York Shares) and facilitate the exchange of such New York Shares into ordinary shares listed on the Vienna Stock Exchange (Austrian Shares).
For a period of 90 calendar days beginning on 14th March, 2008 Head NV will cover the fee payable to The Bank of New York by holders of New York Shares upon surrender of New York Shares for exchange into Austrian Shares.
Moreover, Head NV will instruct The Bank of New York as transfer agent under the New York Share Program to close the New York Share register to further re-registrations of Austrian Shares or other ordinary shares for exchange into New York Shares beginning on March 14th.
However, The Bank of New York will continue to act as transfer and paying agent for existing New York Shares. In addition, The Bank of New York will accept the surrender of New York Shares for exchange into Austrian Shares.
Head NV will provide written notice to the NYSE of its intention to delist its ordinary shares. It intends to file a Form 25 with the Securities and Exchange Commission (SEC) on or about 21st March 2008 to effect the delisting. The delisting is expected to be effective 10 days after this filing.
Head NV intends to discontinue the movement of ordinary shares to its New York register (New York Shares) and facilitate the exchange of such New York Shares into ordinary shares listed on the Vienna Stock Exchange (Austrian Shares).
For a period of 90 calendar days beginning on 14th March, 2008 Head NV will cover the fee payable to The Bank of New York by holders of New York Shares upon surrender of New York Shares for exchange into Austrian Shares.
Moreover, Head NV will instruct The Bank of New York as transfer agent under the New York Share Program to close the New York Share register to further re-registrations of Austrian Shares or other ordinary shares for exchange into New York Shares beginning on March 14th.
However, The Bank of New York will continue to act as transfer and paying agent for existing New York Shares. In addition, The Bank of New York will accept the surrender of New York Shares for exchange into Austrian Shares.
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