Evotec AG (EVTC) said it intends to voluntarily delist its American Depositary Shares from the NASDAQ stock market and concentrate its share trading on the recently re-entered TecDAX platform. Evotec has given formal notice to the NASDAQ of its intention to voluntarily delist its American Depositary Shares.
Werner Lanthaler, chief executive officer of Evotec stated: "Evotec follows the trading behaviour of its shareholders thereby reducing unnecessary complexity in the capital market presence and related costs. Despite this delisting we intend to continually improve the information and service quality for our global shareholder base."
Also, Evotec plans to file a Form 25 with the NASDAQ on 20 November 2009 to initiate the delisting, which will become effective on 30 November 2009.
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