VerizonCommunication Verizon Applies To Cancel Listing & Trading On LSE

 
TIDMVZC 
 
Verizon Communications Inc. Applications For Cancellation Of Listing On The 
Official List And Of Trading On The Standard Segment Of The Main Market Of The 
                             London Stock Exchange 
 
NEW YORK, Feb. 26, 2016  -- Verizon Communications Inc. (the "Company") 
announces that it has made an application (i) to the UK's Financial Conduct 
Authority for the Company's common stock with a par value of US$0.10 each 
(ISIN: US92343V1044) (the "Common Stock") to be delisted from the Official List 
and (ii) to the London Stock Exchange to cancel trading of the Common Stock on 
the standard segment of the Main Market of the London Stock Exchange (together, 
the "Cancellation"). 
 
It is anticipated that the Cancellation will take effect on 31 March 2016. 
 
The Cancellation is being sought for the following reasons: 
 
  * only a small amount of trading in the Common Stock is conducted on the 
    London Stock Exchange; 
  * generally, the Company will be subject to a lighter regulatory burden 
    following the Cancellation, thereby reducing resources devoted to 
    compliance matters; and 
  * in practical terms, as the Company is also listed on the New York Stock 
    Exchange and the Nasdaq Global Select Market, the continued trading of the 
    Common Stock on the London Stock Exchange does not afford the Company a 
    material advantage in terms of additional sources of funding relative to 
    the on-going cost of maintaining this listing. 
 
For further information, please contact: 
 
William L. Horton, Jr. 
Senior Vice President, 
Deputy General Counsel and Corporate Secretary 
 
Email:  [e-mail] 
 
 
 
END 
 

(END) Dow Jones Newswires

February 26, 2016 09:00 ET (14:00 GMT)