Innospec Switches Its Stock Listing to Nasdaq
15 Março 2006 - 9:00AM
PR Newswire (US)
Trading Under New Symbol 'IOSP' to Commence on March 22, 2006 NEW
YORK, March 15 /PRNewswire-FirstCall/ -- Innospec Inc. (NYSE:IOP)
(NASDAQ:IOSP) announced today that it will list its common stock
solely on the NASDAQ Stock Market and discontinue the company's
listing with the New York Stock Exchange. The international
specialty chemicals company's common stock will cease trading under
the symbol IOP on the NYSE on March 21, 2006. Innospec's stock will
begin trading on NASDAQ under the new symbol IOSP when the market
opens on March 22, 2006. Paul Jennings, President and Chief
Executive Officer of Innospec, stated, "After careful analysis, we
believe a NASDAQ listing switch will provide increased visibility
for our shares and a more cost-effective trading solution. Our move
to NASDAQ goes hand-in-hand with Innospec's new strategic direction
as the leading provider of specialty chemical solutions in our
chosen markets." Bruce Aust, Executive Vice President, NASDAQ's
corporate client group, said, "We are delighted to welcome Innospec
as the first chemicals company to switch to a NASDAQ listing.
Innospec joins many of the world's most innovative companies in
recognizing that NASDAQ's more transparent, faster, electronic
market is an ideal setting for a company that is seeking to broaden
awareness about its new direction, core business focus and improved
capital management." Innospec Inc. is an international specialty
chemicals company with almost 1,000 employees in 23 countries.
Innospec divides its operations into three distinct business areas:
Fuel Specialties, Performance Chemicals, and Octane Additives.
Together, the three businesses manufacture and supply a wide range
of specialty chemicals to markets in the Americas, Europe, the
Middle East, Africa and Asia-Pacific. Innospec's Fuel Specialties
business specializes in manufacturing and supplying the fuel
additives that help improve fuel efficiency, boost engine
performance and reduce harmful emissions. Innospec's Performance
Chemicals business includes a range of companies that manufacture
performance chemicals used in the manufacture of such items as
personal care products, household detergents, crop protection
chemicals as well as in the plastics, paper, metal plating and oil
industries. Innospec's Octane Additives business is the world's
only producer of tetra ethyl lead (TEL). NASDAQ is the largest
electronic screen-based equity securities market in the United
States. With approximately 3,200 companies, it lists more companies
and, on average, trades more shares per day than any other U.S.
market. It is home to companies that are leaders across all areas
of business including technology, retail, communications, financial
services, transportation, media and biotechnology. NASDAQ is the
primary market for trading NASDAQ-listed stocks. For more
information about NASDAQ, visit the NASDAQ Web site at
http://www.nasdaq.com/ or the NASDAQ Newsroom at
http://www.nasdaq.com/newsroom/. Forward-Looking Statements This
press release contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward- looking statements include all statements which address
operating performance, events or developments that we expect or
anticipate will occur in the future. Although such statements are
believed by management to be reasonable when made, caution should
be exercised not to place undue reliance on forward- looking
statements, which are subject to certain risks, uncertainties and
assumptions. If the risks or uncertainties ever materialize or the
assumptions prove incorrect, actual results may differ materially
from those expressed or implied by such forward-looking statements
and assumptions. Risks, assumptions and uncertainties include,
without limitation, changes in the terms of trading with
significant customers or gain or loss thereof, the effects of
changing government regulations and economic and market conditions,
competition and changes in demand and business and legal risks
inherent in non-U.S. activities, including political and economic
uncertainty, import and export limitations and market risks related
to changes in interest rates and foreign exchange rates, government
investigations, material fines or other penalties resulting from
the Company's voluntary disclosure to the Office of Foreign Assets
Control of the U.S. Department of the Treasury and other risks,
uncertainties and assumptions identified in the Company's Annual
Report on Form 10-K for the year ended December 31, 2004 and those
identified in the Company's other reports filed with the Securities
and Exchange Commission. The Company undertakes no obligation to
publicly update or revise any forward- looking statements, whether
as a result of new information, future events or otherwise.
Investor Contact: Innospec Inc. Investor Relations Andrew Hartley
+44-151-348-5846 Media Contact: Bethany Sherman, NASDAQ,
212-401-8714 Mark D. Harrop, RF|Binder, 212-994-7533 DATASOURCE:
Innospec Inc. CONTACT: Investor Contact: Andrew Hartley, Investor
Relations, Innospec Inc., +44-151-348-5846; Media Contact: Bethany
Sherman, NASDAQ, +1-212-401-8714, Mark D. Harrop, RF|Binder,
+1-212-994-7533
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