01—Abstract
Summary
Summary of the 8-K filed December 15, 2004. Cited figures are marked; the original filing is the authoritative source.
Procter & Gamble Co. (PG) announced on December 14, 2004, that its Board of Directors approved the voluntary delisting of its common stock from several international stock exchanges, including those in Amsterdam, Brussels, Frankfurt, and Switzerland, as well as the National Stock Exchange in Chicago.
This strategic move aims to streamline the company's stock listings and reduce administrative complexities. Despite these delistings, investors should note that Procter & Gamble's common stock will continue to be primarily listed and traded on the New York Stock Exchange (NYSE), its principal exchange.
The company also maintains a listing on the Paris exchange. The effective dates for these delistings are subject to the regulatory processes and internal rules of each respective exchange.
02—Key points
Key Highlights
- PG is voluntarily delisting its common stock from the National Stock Exchange in Chicago.
- The company will also delist from exchanges in Amsterdam, Brussels, Frankfurt, and Switzerland.
- The primary listing for PG's common stock will remain on the New York Stock Exchange (NYSE).
- PG also maintains a listing on the Paris exchange.
- The effective dates of the delistings are dependent on the application process and rules of each individual exchange.
- This action is intended to streamline the company's stock trading footprint and simplify administrative overhead.
03—Questions
Frequently Asked Questions
Will PG's stock still be available for trading?
Yes, Procter & Gamble's common stock will remain listed and actively traded on the New York Stock Exchange (NYSE), which is its principal listing. It will also continue to be listed on the Paris exchange.
Why is PG delisting from these exchanges?
The company's Board of Directors approved the voluntary delisting to streamline its stock listings and reduce administrative complexities associated with maintaining multiple listings across various international exchanges.
When will the delistings become effective?
The effective dates for each delisting are not yet specified and will depend on the application process and the internal rules of each respective exchange where the delisting is occurring.
Will this delisting affect the trading of PG stock on the NYSE?
No, the delisting from the specified exchanges is not expected to affect the trading of PG's common stock on the New York Stock Exchange. The NYSE remains its primary listing venue.
04—Continue