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Infosys on Monday said that the boards of Euronext Paris SA and Euronext London Limitedhave approved the voluntary delisting of its American Depositary Shares (ADS) from the bourses.
Low trading volumes
The primary reason for the delisting is the low average daily trading volumes of the ADS on Euronext Paris and Euronext London.
During the five-year period of the listing on two bourses, the average daily trading volumes of the Infosys ADS was significantly lower than its average daily trading volumes on the New York Stock Exchange (NYSE), a statement from the company said.
There will be no change to the Infosys share/ADS count, the capital structure or the float as a result of the delisting from the two exchanges.
The Infosys ADS will continue to be listed on the NYSE under the “INFY” symbol, and investors can continue to trade them on the NYSE as before.
The delisting procedure will allow the Infosys ADS listed on Euronext Paris and Euronext London exchanges to be sold on the NYSE.
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