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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ceva | LSE:CVA | London | Ordinary Share | COM STK USD0.001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1,200.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCVA Cancellation of Admission and Listing Application MOUNTAIN VIEW, Calif., March 8, 2012 -- CEVA, Inc. (the "Company") Application for cancellation of admission and listing -- At a meeting of the Board of Directors of the Company (the "Board") held on 31 January 2012, the Board approved a resolution proposing to cancel the standard listing of the Company's common stock of US$0.001 (the "Common Stock") from the Official List and which are traded on the main market of the London Stock Exchange. Consequently, the Board intends to request that the UK Listing Authority cancel the listing of Common Shares of the Company from the Official List and cancel the admission to trading of the Common Shares on the main market of the London Stock Exchange (the "Cancellation"). It is anticipated that the Cancellation will take effect from 5 April 2012. Reasons for the proposed Cancellation The Board believes that the Cancellation is in the best interests of the Company for the reasons set out below: - The Company currently expects to have material cost savings in relation to the external costs it currently incurs as a listed company on the Official List. In particular, the Company expects to be able to reduce, or in some cases eliminate, its professional fees, London Stock Exchange annual fees and charges, and general costs associated with UK public company announcements, mailings and shareholder services. - Generally, the Company will be subject to a lighter regulatory burden thereby increasing its flexibility and reducing management time devoted to compliance matters. - In practical terms, as the Company is also listed on NASDAQ which is the Company's main trading platform, the continued listing of the Company on the Official List does not afford the Company any advantage in terms of additional sources of funding relative to the ongoing cost of maintaining the listing on the Official List. Cancellation Listing Rule 5.2.8 allows a company with a standard listing which wishes to cancel the listing of its shares to do so by way of notifying, via a RIS, such cancellation at least 20 business days before the intended cancellation date. SOURCE CEVA, Inc. CONTACT: Yaniv Arieli, CFO, +1-650-417-7941, yaniv.arieli@ceva- dsp.com, or Richard Kingston, Director of Marketing & Investor Relations, +1-650-417-7976, richard.kingston@ceva-dsp.com, both of CEVA, Inc. END
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