Arcadis Files for Deregistration With U.S. Securities and Exchange Commission
06 Junio 2008 - 1:00AM
PR Newswire (US)
ARNHEM, The Netherlands, June 6 /PRNewswire-FirstCall/ -- ARCADIS
(EURONEXT: ARCAD), the international consulting, design and
engineering company, today announced that it is in the process of
terminating its duty to file reports with the United States
Securities and Exchange Commission (SEC). It is anticipated that on
June 9, 2008, the company will file a Form 15-F with the SEC to
terminate the registration of its securities under Section 12(g) of
the Securities Exchange Act of 1934 and to suspend its duty to file
reports with the SEC. ARCADIS anticipates that the deregistration
process will be finalized within 90 days. ARCADIS' ordinary shares
will continue to be listed for trading on the Euronext stock
exchange in Amsterdam, and its shares may be traded in the United
States on the over-the-counter bulletin boards. The decision to
deregister follows an earlier delisting from the NASDAQ exchange
that was taken in light of the low trading volume on the Nasdaq
exchange and because the costs associated with maintaining a US
listing outweighed the benefits. Since the delisting the trading
volume in the United States has decreased to less than 5% of total
trading volume in ARCADIS shares, allowing for deregistration with
the SEC. As required by new Exchange Act Rule 12h-6, ARCADIS will
continue to make available all of its annual and quarterly
information - as well as any other information that is required
under Dutch law or under the Euronext rules - to its investors
through its website. ARCADIS will also continue to host all of its
regular investor relations activities, and road shows, including
those in the U.S. "We are committed to the U.S. market and to U.S.
shareholders, but saw no need to maintain a dual listing, also
given the ever increasing transparency of global equity markets.
Concentrating shares under a single listing is also beneficial for
liquidity," said Harrie L.J. Noy, CEO of ARCADIS. ARCADIS is an
international company providing consultancy, design, engineering
and management services in infrastructure, environment and
facilities, to enhance mobility, sustainability and quality of
life. ARCADIS develops, designs, implements, maintains and operates
projects for companies and governments. With more than 13,500
employees and over EUR1.5 billion in gross revenue, the company has
an extensive international network that is supported by strong
local market positions. Visit us on the internet:
http://www.arcadis-global.com/ DATASOURCE: ARCADIS NV CONTACT:
ARCADIS NV, Nieuwe Stationsstraat 10, P.O. Box 33, 6800 LE Arnhem,
The Netherlands, Tel +31-26-3778-292, Fax +31-26-4438-381; For more
information contact: Mark Zellenrath at ARCADIS at +31-26-3778292
or e-mail at .
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