Dialog (NASDAQ:DLGS)
Historical Stock Chart
From May 2019 to May 2024
Dialog Semiconductor Plc. / Delisting
Dialog Semiconductor PLC (NASDAQ: DLGS, FWB: DLG), a leading
provider of power management semiconductor solutions, announces today
that the Company intends to terminate its ADR program (American
Depository Receipt) with the Bank of New York and seek a de-listing
from NASDAQ. It is currently anticipated that the effective date of
the termination of the ADR program and de-listing from Nasdaq will be
December 28, 2006. As soon as is reasonably practicable after the
termination date, any ordinary shares not previously withdrawn from
the ADR program will be sold in the market by the ADR Depositary in
accordance with the Deposit Agreement governing the ADR program and
the net proceeds of any such sales will be distributed to the holders
of those ordinary shares. As soon thereafter as it is eligible to do
so, the Company intends to suspend or terminate its registration under
the US Securities Exchange Act of 1934, as amended. Any such
suspension or termination will also suspend or terminate the Company's
periodic reporting obligations under the Exchange Act. The Company
intends that its ordinary shares be traded solely on the German stock
exchange (Prime Standard) for the near to medium term.
Commenting on the announcement Jalal Bagherli, Dialog CEO, said:
'The increasing regulatory burden of NASDAQ both in terms of third
party legal and accounting costs and more importantly management
resources have not for some time been matched by a corresponding
benefit from the NASDAQ listing where ADR trading is light. The
primary market for our shares has always been Frankfurt. This decision
will permit us to focus our communication efforts on this key market.'
Information about Dialog Semiconductor
Dialog Semiconductor develops and supplies power management, audio
and display driver technology, targeting the wireless, automotive and
industrial markets. The company's expertise in mixed signal design,
with products manufactured entirely in CMOS technology, enhances the
performance and features of wireless, hand-held and portable
electronic products. Its technology is also used in intelligent
control circuits in automotive and industrial applications. Dialog
Semiconductor Plc is headquartered near Stuttgart, Germany with
operating facilities in the UK, the USA, Austria, Japan and Taiwan.
The company is listed on the Frankfurt (FWB: DLG) and NASDAQ (DLGS)
stock exchanges.
-0-
*T
Contact:
Dialog Semiconductor,
Neue Strabe 95, D-73230 Kirchheim/Teck - Nabern, Germany
Telefon +49-7021-805-412
Fax +49-7021-805-200
E-mail dialog@fd.com
Internet www.dialog-semiconductor.com
James Melville-Ross
Financial Dynamics
Telefon: +44 207 831 3113
Language: English
Issuer: Dialog Semiconductor Plc. Neue Strasse
95 73230 Kirchheim/Teck-Nabern Deutschland
Phone: +49 7021 805-0
Fax: +49 7021 805-100
E-mail: martin.kloeble@diasemi.com
WWW: www.diasemi.com
ISIN: GB0059822006
WKN: 927200
Indices: MIDCAP, PRIMEALL, TECHALLSHARE
Listed: Geregelter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin-Bremen, Dusseldorf, Stuttgart,
Munchen, Hamburg; Foreign Exchange(s) Nasdaq
*T
Dialog Semiconductor Plc. / Delisting
Dialog Semiconductor PLC (NASDAQ: DLGS, FWB: DLG), a leading provider of
power management semiconductor solutions, announces today that the
Company intends to terminate its ADR program (American Depository
Receipt) with the Bank of New York and seek a de-listing from NASDAQ. It
is currently anticipated that the effective date of the termination of
the ADR program and de-listing from Nasdaq will be December 28, 2006. As
soon as is reasonably practicable after the termination date, any
ordinary shares not previously withdrawn from the ADR program will be
sold in the market by the ADR Depositary in accordance with the Deposit
Agreement governing the ADR program and the net proceeds of any such
sales will be distributed to the holders of those ordinary shares. As
soon thereafter as it is eligible to do so, the Company intends to
suspend or terminate its registration under the US Securities Exchange
Act of 1934, as amended. Any such suspension or termination will also
suspend or terminate the Company's periodic reporting obligations under
the Exchange Act. The Company intends that its ordinary shares be traded
solely on the German stock exchange (Prime Standard) for the near to
medium term.
Commenting on the announcement Jalal Bagherli, Dialog CEO, said: 'The
increasing regulatory burden of NASDAQ both in terms of third party
legal and accounting costs and more importantly management resources
have not for some time been matched by a corresponding benefit from the
NASDAQ listing where ADR trading is light. The primary market for our
shares has always been Frankfurt. This decision will permit us to focus
our communication efforts on this key market.'
Information about Dialog Semiconductor
Dialog Semiconductor develops and supplies power management, audio and
display driver technology, targeting the wireless, automotive and
industrial markets. The company's expertise in mixed signal design, with
products manufactured entirely in CMOS technology, enhances the
performance and features of wireless, hand-held and portable electronic
products. Its technology is also used in intelligent control circuits in
automotive and industrial applications. Dialog Semiconductor Plc is
headquartered near Stuttgart, Germany with operating facilities in the
UK, the USA, Austria, Japan and Taiwan. The company is listed on the
Frankfurt (FWB: DLG) and NASDAQ (DLGS) stock exchanges.
Contact:
Dialog Semiconductor,
Neue Strabe 95, D-73230 Kirchheim/Teck - Nabern, Germany
Telefon +49-7021-805-412
Fax +49-7021-805-200
E-mail dialog@fd.com
Internet www.dialog-semiconductor.com
James Melville-Ross
Financial Dynamics
Telefon: +44 207 831 3113
Language: English
Issuer: Dialog Semiconductor Plc. Neue Strasse
95 73230 Kirchheim/Teck-Nabern Deutschland
Phone: +49 7021 805-0
Fax: +49 7021 805-100
E-mail: martin.kloeble@diasemi.com
WWW: www.diasemi.com
ISIN: GB0059822006
WKN: 927200
Indices: MIDCAP, PRIMEALL, TECHALLSHARE
Listed: Geregelter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin-Bremen, Dusseldorf, Stuttgart,
Munchen, Hamburg; Foreign Exchange(s) Nasdaq