Nippon Telegraph and Telephone Corp Intended delisting of shares from the LSE (4661Z)

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RNS Number : 4661Z

Nippon Telegraph and Telephone Corp

06 February 2014

February 6, 2014

 
 
           Company Name: Nippon Telegraph and Telephone Corporation 
Representative: Hiroo Unoura, President and Chief Executive Officer 
            (Code No.: 9432, First section of Tokyo Stock Exchange) 
 

Intended delisting of shares from the London Stock Exchange

Nippon Telegraph and Telephone Corporation ("NTT") hereby announces that, at a meeting of its board of directors held today, NTT resolved to request the cancellation of the listing of its Shares of Common Stock (ISIN: JP3735400008) (the "Shares") on the Official List of the UK Listing Authority and the cancellation of the admission to trading of its shares on the Main Market of the London Stock Exchange (the "LSE").

   1.            Reason for the Delisting: 

NTT has decided to apply for voluntary delisting of its shares from the London Stock Exchange in order to streamline administrative procedures and to reduce management costs from listing on multiple stock exchanges. As the volume of trading in NTT shares on the London Stock Exchange is low, NTT believes that the impact on its shareholders from delisting from the London Stock Exchange will be minimal.

   2.            Delisting Schedule: 

Application has been made to the UK Listing Authority for the Shares to be removed from the Official List, and to the LSE for the Shares to be removed from trading. The last day of dealings in the Shares on the LSE is expected to be March 20, 2014. The cancellation of the listing and of trading in the Shares on the LSE is expected to take effect at or about 8:00 a.m. on March 20, 2014.

 
 
For further inquiries, please contact: 
 
Yusuke Aida or Yuta Kosuge 
Investor Relations Office 
Finance and Accounting Department 
Nippon Telegraph and Telephone Corporation 
Phone:                                       [phone] 
Fax:                                         [phone] 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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