72NS Br.tel.5t%bds28

TIDM72NS

RNS Number : 0496J

British Telecommunications PLC

14 August 2019

14 August 2019

This announcement contains inside information.

BRITISH TELECOMMUNICATIONS PLC ANNOUNCES INTENTION TO DEREGISTER AND TERMINATE REPORTING OBLIGATIONS WITH THE SEC

British Telecommunications plc (BT plc) hereby announces its intention to today file a Form 15F with the US Securities and Exchange Commission (SEC) to deregister all of its registered debt securities and expects deregistration to become effective 90 days later. The decision to delist and deregister is aimed at reducing reporting costs and complexity whilst maintaining the highest standards of corporate governance and transparent financial reporting.

BT plc notes the announcement made by its parent company, BT Group plc, with respect to its intention to delist its American Depositary Shares from the New York Stock Exchange, terminate its American Depositary Receipts programme and to deregister its equity securities and terminate its reporting obligations with the SEC. The full text of the announcement can be found at http://www.morningstar.co.uk/uk/NSM

BT plc will continue to positively engage with US debt investors, and its obligations to its existing bondholders will not be affected by the deregistration.

BT plc reserves the right to delay these filings or to withdraw them prior to their effectiveness, and to otherwise change its plans in this regard.

The person responsible for making this announcement is Rachel Canham, BT Group's Company Secretary.

For further information

Investor relations:

   Mark Lidiard                                         Tel: +44 20 7356 4909 

Press office:

   Richard Farnsworth                             Tel: +44 20 7356 5369 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCGGUBURUPBGUC

(END) Dow Jones Newswires

August 14, 2019 06:30 ET (10:30 GMT)

Br.tel.5t%bds28 (LSE:72NS)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Br.tel.5t%bds28 (LSE:72NS)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024