Veolia Environnement: Delisting from New York Stock Exchange
Veolia Environnement announces its decision to request the voluntary delisting of its American Depositary Receipts (ADRs) from the New York Stock Exchange (NYSE) and the termination of its registration with the US Securities and Exchange Commission (SEC), in accordance with U.S. law. In view of this, Veolia Environnement intends to file a Form 25 with the SEC on December 12, 2014 terminating the listing of its ADRs on the NYSE. The delisting of the ADRs from the NYSE should become effective on December 22, 2014. Promptly after the effective delisting from the NYSE, Veolia Environnement intends to file a Form 15F with the SEC in order to terminate its registration and its reporting requirements under the Securities Exchange Act of 1934.
The delisting and termination of the registration of the company with the SEC should provide cost savings and eliminate certain additional costs linked to the Company’s listing on two exchanges (Euronext Paris and NYSE).
Veolia Environnement intends to maintain its American ADR program as a Level one program, which will enable American investors and current holders of Veolia Environnement ADRs to continue to hold and trade Veolia Environnement ADRs in the US over-the-counter (OTC) market. As a result of the delisting of the ADRs, the trading of ordinary shares will be concentrated on Veolia Environnement’s primary market (Euronext Paris).
Veolia remains committed to the development of its commercial activities in the United States. Veolia Environnement will also continue to apply strict standards of financial disclosure, corporate governance and internal control throughout the Group as a whole.
Veolia group is the global leader in optimized resource management. With over 187,000 employees* worldwide, the Group designs and provides water, waste and energy management solutions that contribute to the sustainable development of communities and industries. Through its three complementary business activities, Veolia helps to develop access to resources, preserve available resources, and to replenish them.
In 2013, the Veolia group supplied 94 million people with drinking water and 62 million people with wastewater service, produced 54 million megawatt hours of energy and converted 38 million metric tons of waste into new materials and energy. Veolia Environnement (listed on Paris Euronext: VIE and NYSE: VE) recorded consolidated revenue of €23.4 billion* in 2013.