PARIS: Publicis Groupe has applied for voluntary delisting of its American Depository Receipts (ADR) from the New York Stock Exchange (NYSE) and has filed for termination of its registration with the US Securities and Exchange Commission (SEC). The NYSE delisting will go into effect September 27; the termination filing will immediately suspend its reporting obligations and will be final in 90 days. Publicis says its reasons include low trading volume of its ordinary shares over the last year (only about 1%), operating costs, and adoption of the International Financial Reporting Standards.
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