REG-News Corporation News Corporation to Cancel Standard Listing on London Stock Exchange
News Corporation to Cancel Standard Listing on London Stock Exchange
News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) (the "Company") today announced that it intends to cancel the listing on the Official List and admission to trading on the London Stock Exchange (the “LSE”) of its Class A Non-Voting Common Stock and Class B Voting Common Stock (together, the “Common Stock”) following a determination that the Company’s Common Stock traded on the LSE represent less than 1% of the total trading volume of the Company’s Common Stock globally. The effective date of the de-listing is intended to coincide with the Company’s previously-announced intention to separate its businesses into two independent, publicly-traded companies (the “Separation”) on June 28, 2013.
Following the proposed Separation, the Company, which will retain its global media and entertainment businesses and is expected to be renamed 21st Century Fox, will continue to list its Class A Common Stock and Class B Common Stock on the NASDAQ Global Select Market (“NASDAQ”) and its CHESS Depositary Interests (“CDIs”) representing the Class A Common Stock and Class B Common Stock of 21st Century Fox on the Australian Securities Exchange (the “ASX”). The Company has reserved the stock symbols “FOXA” and “FOX” for its Class A Common Stock and Class B Common Stock, respectively, on NASDAQ and the symbols “FOXLV” and “FOX,” respectively, on the ASX.
The new News Corporation, the new public company which will hold the Company’s newspapers, information services and integrated marketing services, digital real estate services, book publishing, digital education and sports programming and pay-TV distribution in Australia, intends to apply to have both its Class A Common Stock and Class B Common Stock authorized for listing on NASDAQ, under the symbols “NWSA” and “NWS,” respectively, and to have CDIs representing its Class A Common Stock and Class B Common Stock listed and traded on ASX, initially under temporary trading symbols, and then under the symbols “NWSLV” and “NWS,” respectively.
About News Corporation
News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) had total assets as of March 31, 2013 of approximately US$68 billion and total annual revenues of approximately US$35 billion. News Corporation is a diversified global media company with operations in six industry segments: cable network programming; filmed entertainment; television; direct broadcast satellite television; publishing; and other. The activities of News Corporation are conducted principally in the United States, Continental Europe, the United Kingdom, Australia, Asia and Latin America.