ICI, the chemicals company, on Tuesday became the latest British company to dispense with a secondary exchange listing in the US to save money and reduce the burden of SEC regulation. The company, which has had a secondary listing since 1983, will delist its American Depositary Receipts from the New York Stock Exchange on or around June 18 when it deregisters under the Securities and Exchange Act.

This entry was posted by Gwen Robinson on Wednesday, May 30th, 2007 at 5:42 and is filed under Capital markets. Tagged with ici. Edit this entry.