Trintech De-list its American Depositary Shares from the Frankfurt Stock Exchange

Friday 21 January 2005 07:44 CET | News

Trintech Group has voluntarily applied to revoke the admission of the Company’s American Depositary Shares (ADSs) from the Frankfurt Stock Exchange, following a Board meeting yesterday.

The Company expects that the revocation will come into force three months after the publication of the revocation of admission by the Frankfurt Stock Exchange which is expected in February 2005. Accordingly, Trintech ADSs will likely be traded on the Frankfurt Stock Exchange until May 2005. The Company has also re-affirmed its commitment to maintain its listing on the Nasdaq National Market. The Company confirmed that the decision to de-list from the Frankfurt Stock Exchange is intended to concentrate trading in the stock on one market, and reduce the complexity of reporting requirements and the costs of maintaining a dual listing.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce