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UBS to delist from Tokyo Stock Exchange
By Martin | February 9, 2010
On 4 February in Zurich, UBS AG’s Board of Directors resolved to delist the Company’s common stock (UBS shares) from the Tokyo Stock Exchange, Inc. (TSE).
The decision was taken as a result of the small volume of UBS shares (less than one percent of global turnover) traded on the TSE in recent years.
The delisting will have no impact on UBS’s other activities in Japan. UBS continues to be an important market participant on the TSE and remains deeply committed to Japan where it has been active for more than 40 years.
UBS will submit an application to delist from the TSE in early March 2010. Pending the TSE’s acceptance of the application, the shares will be assigned to the delisting post and, in principle, delisted one month later.
Following the delisting, UBS shareholders will be able to continue trading the stock on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).
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