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Eyewear maker De Rigo to terminate ADR Depository agreement
10 Jan '06
2 min read
De Rigo S p A announced that it will terminate its ADR Depositary Agreement with The Bank of New York as of February 10, 2006.
Following a recent tender offer for outstanding ordinary shares and ADSs of De Rigo by DR 3 S rl, a wholly-owned subsidiary of De Rigo Holding BV, which is wholly owned by the brothers Ennio and Walter De Rigo, De Rigo's Board of Directors and shareholders approved a plan including the termination of the ADR Depositary Agreement.
De Rigo's delisting from the New York Stock Exchange and the deregistration of De Rigo's securities under the US securities laws.
De Rigo currently expects its ADSs will cease to trade on the New York Stock Exchange before the February 10 effective date of the termination of the ADR program.
De Rigo is one of the world's largest manufacturers and distributors of premium eyewear, the major optical retailer in Spain through General Optica, one of the leading retailers in the British optical market through Dollond & Aitchison and a partner of the LVMH Fashion Group for the manufacture and distribution of Celine, Givenchy and Loewe eyewear.
De Rigo also manufactures and distributes the licensed brands Chopard, Ermenegildo Zegna, Escada, Etro, Fila, Furla, Jean Paul Gaultier, La Perla and Mini, as well as its own brands Police, Sting and Lozza.
Following a recent tender offer for outstanding ordinary shares and ADSs of De Rigo by DR 3 S rl, a wholly-owned subsidiary of De Rigo Holding BV, which is wholly owned by the brothers Ennio and Walter De Rigo, De Rigo's Board of Directors and shareholders approved a plan including the termination of the ADR Depositary Agreement.
De Rigo's delisting from the New York Stock Exchange and the deregistration of De Rigo's securities under the US securities laws.
De Rigo currently expects its ADSs will cease to trade on the New York Stock Exchange before the February 10 effective date of the termination of the ADR program.
De Rigo is one of the world's largest manufacturers and distributors of premium eyewear, the major optical retailer in Spain through General Optica, one of the leading retailers in the British optical market through Dollond & Aitchison and a partner of the LVMH Fashion Group for the manufacture and distribution of Celine, Givenchy and Loewe eyewear.
De Rigo also manufactures and distributes the licensed brands Chopard, Ermenegildo Zegna, Escada, Etro, Fila, Furla, Jean Paul Gaultier, La Perla and Mini, as well as its own brands Police, Sting and Lozza.
De Rigo S p A
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