Ducati Announces Intention to Delist From NYSE and to Terminate Registration of its Shares and ADSs Under the Exchange Act
04 Giugno 2007 - 6:38PM
PR Newswire (US)
BOLOGNA, Italy, June 4 /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
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