SCHLUMBERGER LD: Notice of Intention to delist from London Stock Exchange
28 Fevereiro 2020 - 4:00AM
UK Regulatory
TIDMSCL
ISIN Number: AN8068571086
27 February 2020
Schlumberger Limited
Notice of Intention to delist from London Stock Exchange
SCHLUMBERGER LIMITED (the "Company" or "Schlumberger") hereby
announces that the Company's Board of Directors (the "Board") in
January 2020 approved the cancellation of the listing of the
Company's common stock (the "Shares") on the standard segment of
the Official List of the London Stock Exchange (the "LSE") and the
cancellation of admission to trading of such shares on the main
market of the LSE (together, the "Cancellation"). Consequently, the
Company intends to apply to the UK Financial Conduct Authority and
the LSE to request the Cancellation.
Cancellation timetable
In accordance with UK Listing Rule 5.2.8, the Company is
required to give at least 20 business days' notice to the LSE of
the intended Cancellation. It is anticipated that the Cancellation
will take effect on or about 27 March 2020.
Reasons for the Cancellation
The Board approved the Cancellation for the following
reasons:
-- only a small amount of trading in the Shares is conducted on the LSE;
taking into account these low trading volumes and the ongoing regulatory
compliance and administrative costs the Company incurs annually as a
result of its London listing, the Board determined that there is no
significant benefit to the Company in maintaining the listing;
-- the Company does not believe that the Cancellation will adversely affect
its shareholders, since the Company's common shares will continue to be
listed on the New York Stock Exchange (the "NYSE") as well as Paris
Euronext, and will continue to be tradeable on various other venues; and
-- as the Company has its primary listing and main trading platform on the
NYSE, the continued listing on the LSE would not afford the Company a
significant advantage in terms of liquidity or additional sources of
funding compared to the ongoing costs of maintaining the listing.
Continued listing on NYSE
As a result of its primary listing on the NYSE, Schlumberger
will continue to be subject to the rules and regulations of the US
Securities and Exchange Commission and all other laws, rules and
regulations applicable to a company with a primary listing of
shares on the NYSE.
For further information, please contact:
Simon Farrant -- Vice President of Investor Relations,
Schlumberger Limited
Joy V. Domingo -- Director of Investor Relations, Schlumberger
Limited
Office +1 (713) 375-3535
investor-relations@slb.com
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200227006055/en/
CONTACT:
Schlumberger Limited
SOURCE: Schlumberger Limited
Copyright Business Wire 2020
(END) Dow Jones Newswires
February 28, 2020 02:00 ET (07:00 GMT)
Schlumberger Ld (LSE:SCL)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Schlumberger Ld (LSE:SCL)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024