News Corp. (NWS, NWSA, NWS.AX, NWSLV..AX) Thursday said it plans to cancel the listing on the Official List and admission to trading on the London Stock Exchange of its class A non-voting common stock and class B voting common stock, following a determination that the company's common stock traded on the LSE represent less than 1 percent of the total trading volume of its common stock globally.
The effective date of the de-listing is intended to coincide with the company's previously-announced intention to separate its businesses into two independent, publicly-traded companies on June 28.
Following the proposed separation, the company, which will retain its global media and entertainment businesses and is expected to be renamed 21st Century Fox, will continue to list its class A common stock and Class B common stock on the NASDAQ Global Select Market.
It will continue to list its CHESS Depositary Interests or CDIs representing the class A common stock and class B common stock of 21st Century Fox on the Australian Securities Exchange.
The company has reserved the stock symbols "FOXA" and "FOX" for its class A common stock and class B common stock, respectively, on NASDAQ and the symbols "FOXLV" and "FOX," respectively, on the ASX.
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