Home Page ContentPress Releases Alcatel-Lucent to delist its ADSs from the New York Stock Exchange

Alcatel-Lucent to delist its ADSs from the New York Stock Exchange

by david.nunes

Alcatel-Lucent to delist its ADSs from the New York Stock Exchange

Paris, France, February 11, 2016

Alcatel-Lucent (the “Company”) announces that its Board of Directors has resolved to voluntarily delist its American depositary shares (“ADSs”), each representing one Alcatel-Lucent ordinary share with a nominal value of EUR 0.05 per share (“Alcatel-Lucent Shares”) from the New York Stock Exchange (the “NYSE”).
Alcatel-Lucent will deliver today written notice to the NYSE of its intention to delist. The Company believes the delisting of its ADSs from the NYSE is in the best interests of Alcatel-Lucent and its shareholders in light of the expected ownership by Nokia Corporation (“Nokia”) of approximately 91% of the outstanding Alcatel-Lucent Shares and Alcatel-Lucent ADSs following the settlement of Nokia’s reopened public exchange offer to acquire all Alcatel-Lucent Shares and ADSs, and also in light of the Alcatel-Lucent Board of Directors’ decision to terminate Alcatel-Lucent’s American depositary receipts (“ADR”) program.
Alcatel-Lucent currently intends to file with the U.S. Securities and Exchange Commission (the “Commission”), on or about February 22, 2016, an application on Form 25 to notify the Commission of the Company’s withdrawal of its ADSs from the NYSE. The delisting will be effective ten (10) calendar days after the filing of the Form 25. This means that, as of March 3, 2016, the Alcatel-Lucent ADSs would not be tradable on any regulated security exchange.
The Company’s reporting obligations under applicable  U.S. securities laws would continue after the delisting. Following satisfaction of the relevant deregistration conditions under the applicable U.S. securities laws, Alcatel-Lucent intends to terminate its reporting obligations under the applicable U.S. securities laws and deregister all classes of its registered securities. Following termination of Alcatel-Lucent’s reporting obligations under the U.S. Securities Exchange Act of 1934, much less information would be available about the Company pursuant to the U.S. securities laws. Alcatel-Lucent intends to release further information on such deregistration and termination of reporting obligations at a later date.
Alcatel-Lucent reserves the right, for any reason, to delay these filings, to withdraw them prior to effectiveness, and to otherwise change its plans in respect of delisting, deregistration and termination of reporting obligations in any way.
As previously communicated, the Alcatel-Lucent ADR program is expected to terminate on February 24, 2016. Alcatel-Lucent Shares remain listed on Euronext Paris.


Alcatel-Lucent is the leading IP networking, ultra-broadband access and cloud technology specialist. We are dedicated to making global communications more innovative, sustainable and accessible for people, businesses and governments worldwide. Our mission is to invent and deliver trusted networks to help our customers unleash their value. Every success has its network.

For more information, visit Alcatel-Lucent on: http://www.alcatel-lucent.com, read the latest posts on the Alcatel-Lucent blog and follow the Company on Twitter: @Alcatel_Lucent.

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