The aim of the delistings reflects the change in investor behavior.
The delisting from the LSE is expected to become effective early October 2014, while the SIX delisting is expected to become effective in January 2015 at the earliest.
The voluntary delistings are expected to have little impact and will cause relatively little inconvenience on the company's shareholders and investors.
Applications for the voluntary delistings will be submitted to the four above-mentioned stock exchanges in September 2006, at the earliest.
Reason for voluntary delisting the company's shares:
Sara Lee is initiating the voluntary delistings due to low trading volumes on those exchanges.
Pending completion of the delisting process of each exchange, the company expects to complete the delistings for the Euronext exchanges on Jan.
Regarding the delisting of its shares from the above-mentioned five stock exchanges, the company noted that trading volume of Matsushita's shares on these exchanges is extremely low, and that the delistings would cause no substantial inconvenience to the company's shareholders and investors.
NYSE: MC), best known for its "Panasonic" brand products, announced that its Board of Directors today resolved to submit applications to five stock exchanges for the delisting of the company's shares.
Stock exchanges to which Matsushita will submit applications for delisting
19, 1998--Regional Investment Bankers Association (RIBA) president Jeffrey Adduci said that his organization has commenced a study to determine the underlying causes of delistings from the Nasdaq stockmarket.
Adduci said he feels the delistings may signify that the capital markets are increasingly unreceptive to smaller companies with market values of $100 million or less.