AB Volvo files for delisting from NASDAQ
AB Volvo files for delisting of the Volvo shares (ADRs) from the NASDAQ
stock exchange in the United States. The delisting will be effective as
of December 13, 2007. After the delisting has become effective, AB Volvo
intends to apply for deregistration of the Class B share from the US
Securities and Exchange Commission, SEC.
In June 2007, Volvo announced that the Company's Board had decided to
apply for delisting of the Volvo American Depositary Receipts (ADRs)
from the NASDAQ stock exchange in the United States and for
deregistration of the Class B shares from the SEC.
Volvo's ADRs, which correspond to Class B shares, have been listed on
NASDAQ since December 1984. The listing was part of efforts to increase
international ownership of Volvo. The deregulation of international
capital markets and the increase in international ownership of shares on
the OMX Nordic Exchange Stockholm have resulted in trading being
concentrated to the OMX Nordic Exchange Stockholm.
The delisting will be effective as of December 13, 2007. After the
delisting has become effective, Volvo intends to apply for
deregistration of its Class B shares from the SEC. As a result, Volvo
will no longer be obligated to submit certain reports and forms to the
SEC, including the 20-F and 6-K. However, Volvo intends to maintain the
program for ADRs and Volvo's annual report and other financial
information will continue to be posted on the company's website.
Following the delisting, all trading in Volvo shares will be
concentrated to the OMX Nordic Exchange Stockholm. The Volvo shares have
previously been delisted from among others the stock exchanges in Tokyo,
London, Paris, Brussels, Oslo and Helsinki, as well as from the
exchanges in Germany and Switzerland.
December 3, 2007
For further information, please contact:
Media Relations: Mårten Wikforss, +46 31 66 11 27 or 0705 59 11 49
Investor Relations: Christer Johansson, +46 31 66 13 34 or +46 706 54 55
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The Volvo Group is one of the world's leading manufacturers of trucks,
buses and construction equipment, drive systems for marine and
industrial applications, aerospace components and services. The Group
also provides complete solutions for financing and service. The Volvo
Group, which employs about 100,000 people, has production facilities in
19 countries and sells their products in more than 180 markets. Annual
sales of the Volvo Group amount to about 27 billion euro. The Volvo
Group is a publicly-held company headquartered in Göteborg, Sweden.
Volvo shares are listed on the Stockholm stock exchange and on NASDAQ in
the US.
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