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TDK CORPORATION (the "Company") Intended delisting of shares from the London Stock Exchange
May. 24, 2013
TDK Corporation(the “Company”) hereby announces that it has resolved at a meeting of its board of directors held today, to request the cancellation of the listing of its shares of common stock (the "Shares") on the Official List of the UK Listing Authority and the cancellation of the admission to trading of its Shares on the Main Market of the London Stock Exchange (the "LSE").
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- Reason for the Delisting
The Company has decided to apply to delist the Shares from the LSE because the trading volume of the Company’s Shares on the LSE is small, making the economic rationale for continuing to list on this exchange unconvincing. - Delisting Schedule
Application has been made to the UK Listing Authority for the Shares to be removed from the Official List, and to the LSE for the Shares to be removed from trading. The last day of dealings in the Shares on the LSE is expected to be July 23, 2013. The cancellation of the listing and of trading in the Shares on the LSE is expected to take effect at or about 8:00 a.m. on July 24, 2013.
- Reason for the Delisting
Contacts for media
Contact | Phone | ||
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Mr. Sumio Marukawa | TDK Corporation Tokyo, Japan |
+81 3 6778-1055 | TDK.PR@tdk.com |