Delisting Announcement • Apr 3, 2009
Delisting Announcement
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Corporate | 3 April 2009 22:15
Infineon Technologies AG: INFINEON VOLUNTARY DELISTS FROM NEW YORK STOCK EXCHANGE
Infineon Technologies AG / Miscellaneous
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
Neubiberg, Germany - April 03, 2009 - Infineon Technologies AG today
announced that it has applied to voluntarily delist its American Depositary
Shares ('ADSs') from the New York Stock Exchange ('NYSE'). The Company
expects that the delisting will take effect on April 24, 2009, and that as
of that date, the ADSs will no longer be traded on the NYSE. Infineon
intends to file for deregistration and termination of its reporting
obligations under the Securities Exchange Act of 1934 (the 'Exchange Act')
as soon as possible following the first anniversary of the delisting.
The Frankfurt Stock Exchange represents Infineon's principal trading
market, with trading on the NYSE accounting for a relatively low percentage
of trading of its ADSs and ordinary shares on a worldwide basis. Infineon
has therefore weighed the benefits of listing on the NYSE against the
associated costs and reached the decision that continuing the listing of
the ADSs is no longer commercially justifiable.
Infineon will maintain its ADS facility as a 'Level I' program and pursue a
listing of its ADSs on the over-the-counter market OTCQX. Infineon's
ordinary shares will continue to be traded on the Frankfurt Stock Exchange,
and the Company will continue to comply with the rigorous German disclosure
and transparency requirements. Infineon will continue to publish its
financial reports, press releases and other information in English for
investors on its website.
After delisting and until deregistration is effective, Infineon will comply
with its reporting obligations under the Exchange Act. After
deregistration, Infineon will continue to maintain the level of disclosure
expected by the international financial markets.
About Infineon
Infineon Technologies AG, Neubiberg, Germany, offers semiconductor and
system solutions addressing three central challenges to modern society:
energy efficiency, communications, and security. In the 2008 fiscal year
(ending September), the company reported sales of Euro 4.3 billion with
approximately 29,100 employees worldwide. With a global presence, Infineon
operates through its subsidiaries in the U.S. from Milpitas, CA, in the
Asia-Pacific region from Singapore, and in Japan from Tokyo. Infineon is
listed on the Frankfurt Stock Exchange and on the New York Stock Exchange
(ticker symbol: IFX).
Further information is available at www.infineon.com.
This news release is available online at www.infineon.com/press/
Contact:
Investor Relations, Tel.: +49 89 234-26655, Fax: +49 89 234-9552987
Language: English
Issuer: Infineon Technologies AG
Am Campeon 1-12
85579 Neubiberg
Deutschland
Phone: +49 (0)89 234-26655
Fax: +49 (0)89 234-955 2987
E-mail: [email protected]
Internet: www.infineon.com
ISIN: DE0006231004
WKN: 623100
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, München, Hamburg, Düsseldorf, Stuttgart;
Terminbörse EUREX; Foreign Exchange(s) NYSE
End of News DGAP News-Service
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