Listed on the NASDAQ since 2005.
AIXTRON SE (FSE: AIXA; OTC: AIXNY) has executed a voluntary delisting of its American Depositary Shares (ADSs) from NASDAQ and has filed for deregistration from the Securities and Exchange Commission (“SEC”) as per January 9, 2017. On this day, reporting obligations under the Securities Exchange Act of 1934 also expired.
Given the comparatively low trading volumes on NASDAQ, the Company believed that the complexity as well as the costs and efforts associated with maintaining a dual listing, including reporting obligations with the Securities and Exchange Commission (“SEC”), outweigh the benefits of continuing its listing and registration in the United States.
AIXTRON intends to continue to provide stockholders with audited annual financial statements prepared in accordance with International Financial Reporting Standards, as issued by the International Accounting Standards Board, quarterly financial information, corporate news and other information in German and English and to make such information publicly available on its website at www.aixtron.com.
Furthermore, AIXTRON will provide additional material information regarding its business and operations by way of public disclosures including press releases and presentations on its website, will continue to hold shareholder meetings as required by law and will remain committed to good corporate governance.