Ducati Announces Intention to Delist From NYSE and to Terminate Registration of its Shares and ADSs Under the Exchange Act.

Share Name	Share Symbol	Market	Type
Bank of America	NYSE:DMH	NYSE	Ordinary Share

	Price Change	% Change	Share Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%	5.39				0.00	00:00:00

Ducati Motor (NYSE:DMH)
Historical Stock Chart

From Dec 2019 to Dec 2024

Click Here for more Ducati Motor Charts.

BOLOGNA, Italy, May 14 /PRNewswire-FirstCall/ -- Ducati Motor Holding S.p.A. (Borsa Italiana: DMH; NYSE: DMH). The Board of Directors of Ducati Motor Holding S.p.A. today authorized the withdrawal of the listing and registration of the Company's American Depositary Shares ("ADSs") with the New York Stock Exchange ("NYSE"), and resolved to terminate its registration and reporting obligations under the Securities Exchange Act of 1934 (the "Exchange Act"). On May 14, 2007, the Board of Directors of Ducati Motor Holding S.p.A. approved a plan to withdraw the listing and registration of its ADSs with the NYSE, to terminate the registration of its ordinary shares under section 12(g) Exchange Act, and to terminate its reporting obligations under section 13(a) and section 15(d) of the Exchange Act. In light of the costs associated with maintaining the listing and registration of Ducati's ordinary shares and ADSs with the NYSE and the Securities and Exchange Commission (the "SEC"), and the sustained low trading volumes of these securities in the United States, the Board decided to take advantage of recent amendments by the SEC to the requirements foreign private issuers must meet in order to terminate the registration of a class of equity securities under section 12(g) of the Exchange Act and the duty to file reports required thereunder. Ducati will concurrently submit written notice to the NYSE of its intention to delist its ADSs and expects to file Form 25 and Form 15F with the SEC on or about June 4, 2007. Ducati expects that the delisting will become effective 10 days after the filing of Form 25 and the deregistration will become effective 90 days after the filing of Form 15F. Ducati has not arranged for listing and/or registration of its ordinary shares and ADSs on any other U.S. national securities exchange or for quotation of these securities in any quotation medium (as defined in Rule 15c2-11 under the Exchange Act). Ducati's ordinary shares will remain listed on the Mercato Telematico Azionario, the automated screen-based trading system managed by Borsa Italiana S.p.A. (the "Italian Stock Exchange"), which is located in Italy. The Italian Stock Exchange constitutes the primary trading market for Ducati's ordinary shares. The delisting and deregistration do not affect Ducati's business strategy in the United States nor its commitment to high standards of corporate governance and financial reporting. The company will continue to make English translations of its annuals reports, financial statements and other press releases available at its Website: http://www.ducati.com/. Founded in 1926, Ducati builds racing-inspired motorcycles characterized by unique engine features, innovative design, advanced engineering and overall technical excellence. The Company produces motorcycles in seven market segments which vary in their technical and design features and intended customers: Superbike, Supersport, Monster, Sport Touring, Multistrada SportClassic and the new Hypermotard. The Company's motorcycles are sold in more than 60 countries worldwide, with a primary focus in the Western European, Japan and North American markets. Ducati has won fourteen of the last sixteen World Superbike Championship titles and more individual victories than the competition put together. Since 2003 Ducati has also been taking part in the MotoGP World Championship. For more information about the Company, please visit our web site at http://www.ducati.com/ This press release contains statements that are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. DATASOURCE: Ducati Motor Holding S.p.A. CONTACT: For further information, please contact: Paolo Poma, Director Investor Relations, Ducati Motor Holding S.p.A., Via Cavalieri Ducati, 3, Bologna 40132, Italy, e-mail: , Main Tel: +39-051-6413111, Direct Tel: +39-051-6413213

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

DMH Bank of America