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Once the delisting is effective, Orange intends to maintain its American Depositary Receipt program, which will enable investors to retain their ADRs and facilitate trading on the U.S. Over-The-Counter market.
The decision to voluntarily delist from the NYSE and to deregister from the SEC was made after careful consideration by the Board of Directors, taking into account the significant financial and administrative requirements of maintaining the NYSE listing and SEC registration.
This decision is in line with the Group’s aim to improve internal simplification and efficiency, while maintaining the highest standards of corporate governance and transparent financial reporting. Orange remains fully committed to an open and frequent dialog with US investors. This decision is expected to have no impact on Orange’s clients and partners or its commercial presence in the U.S.
Posted In: ORAN
