Summary
This Form 8-K filing by Verizon Communications Inc. (VZ) on November 26, 2014, announces the publication of a prospectus related to the listing of its existing common shares on the London Stock Exchange. Specifically, 2,744,993,638 outstanding shares will be admitted to the standard segment of the Official List of the UK Listing Authority and to trading on the Main Market of the London Stock Exchange. This is an administrative step to formalize the listing of already-issued shares. Investors should note that this filing does not represent the issuance of new shares, but rather the official admission of existing stock to a major international exchange. The expected date for this admission to trading is December 1, 2014, at 8:00 am GMT.
Key Highlights
- 1Verizon Communications Inc. is listing its existing common stock on the London Stock Exchange (LSE).
- 2Approximately 2.74 billion outstanding shares are involved in this listing.
- 3The shares will be admitted to the standard segment of the Official List of the UK Listing Authority.
- 4Trading will occur on the Main Market for listed securities of the London Stock Exchange.
- 5This is an administrative process for already-issued shares, not an issuance of new shares.
- 6Admission to trading on the LSE is expected to occur on December 1, 2014, at 8:00 am GMT.