Aixtron SE to delist ADSs from NasdaqStaff Writer | December 20, 2016
Aixtron SE said that it intends to voluntarily delist its American Depositary Shares (ADSs) from The NASDAQ Global Select Market (NASDAQ) and deregister and terminate its reporting obligations under the Exchange Act.
Going to Frankfurt Less than 5% of the worldwide trading volume
Given the comparatively low trading volumes on NASDAQ, the company believes that the complexity as well as the costs and efforts associated with maintaining a dual listing, including reporting obligations with the Securities and Exchange Commission (SEC), outweigh the benefits of continuing its listing and registration in the United States.
The company's ordinary Shares will continue to trade on all German stock exchanges, including the Frankfurt Stock Exchange under the stock symbol AIXA.
It is expected that the delisting of company's ADSs and deregistration will have no other impact on the listing of company's ordinary shares on the Frankfurt Stock Exchange. ■