Syngenta AG announces that today it will file the relevant form with the Securities Exchange Commission (“SEC”) in order to voluntarily delist its American Depositary Shares (“ADSs”) from the New York Stock Exchange (“NYSE”). The delisting will become effective on January 18, 2018. NYSE has advised Syngenta AG that it will suspend trading of the ADSs prior to the market opening on January 8, 2018. As such, holders of ADSs will not be able to trade their ADSs on NYSE thereafter.
The delisting is in connection with the completion of the acquisition of all publicly held registered shares of Syngenta AG by CNAC Saturn (NL) B.V. Upon satisfaction of the applicable requirements for deregistration, Syngenta AG intends to file the relevant form with the SEC under the Securities Exchange Act of 1934 (the “Exchange Act”), requesting the deregistration of the ADSs under the Exchange Act and the suspension of Syngenta AG’s reporting obligations under the Exchange Act. Syngenta AG has not arranged (nor is it currently planning to arrange) for the listing of the ADSs on another securities exchange or for quotation of the ADSs on any other quotation medium.
The company also recently announced that Michel Demaré, vice chairman and lead independent director for Syngenta, has decided to retire from the board after five years of service. Jürg Witmer, a member of the Syngenta board of directors since 2006, has been nominated by the board to become lead independent director beginning Jan. 1, 2018.
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