At the end of 2014, Veolia voluntarily delisted its ADRs from the NYSE, and since December 23, 2014, its ADRs have been traded on the U.S. Over-the-Counter market. On that same day, Veolia Environnement filed a 15F form, suspending its SEC reporting requirements.
Why did Veolia Environnement voluntarily delist from the NYSE?
The delisting and subsequent deregistration was a logical step driven by a global investor trend: Veolia investors were increasingly trading shares on the Euronext Paris exchange versus the NYSE. The NYSE delisting simplified Veolia’s administrative and compliance structure and reduced costs associated with maintaining listings on two exchanges, supporting global efforts to simplify operations and reduce costs.
What does it mean to deregister?
Deregistration results from the delisting from the NYSE. As a result of the deregistration, Veolia no longer files with the SEC under the reporting requirements of the Securities Exchange Act of 1934.