British Sky Broadcasting announces filing to voluntarily delist from the NYSE
British Sky Broadcasting Group plc (LSE/NYSE: BSY) today announced its filing of a Form 25 with the U.S. Securities and Exchange Commission ("SEC") to voluntarily delist its American Depositary Shares ("ADS") from the New York Stock Exchange ("NYSE"). The last trading day of the ADS on the NYSE is expected to be 19 May, 2010. The delisting will be effective on 20 May, 2010.
Following the delisting, it is expected that the Company's ADS will trade on the U.S. over-the counter market and will be quoted on the OTCQX platform. Quotes will be available on www.otcqx.com.
As announced on 30 April, 2010, following the effectiveness of the delisting from the NYSE, the Company intends to file a Form 15F with the SEC to terminate its registration and reporting obligations under the U.S. Securities Exchange Act of 1934. The Company intends to file the Form 15F on or about 21 May, 2010. By operation of law, the deregistration will be effective 90 days after the filing, unless the Form 15F is earlier withdrawn by the Company or is denied by the SEC. The Company reserves the right to delay the filing of Form 15F or to withdraw it for any reason prior to its effectiveness.
The Company will continue to publish its annual reports and other financial communications, which will be available to U.S. ADR holders and other investorsthrough the Company's website (www.sky.com/corporate).
Analysts & Investors:
Francesca Pierce : 020 7705 3337
Alison Dolan : 020 7705 3623