Delisting from the NYSE
Alumina Limited formally delisted from the New York Stock Exchange (NYSE) prior to opening of trading on 28th February 2014. The Company immediately commenced trading on the Over-The-Counter (OTC) market under the ticker code: AWCMY.
On 6th February 2014, Alumina Limited announced its intention to delist from the NYSE
February 6 2014
CUSIP Number: 22205108
Dear Alumina Limited ADR Holder,
Notice of intention to delist from the New York Stock Exchange
Alumina Limited (Alumina) today announced its intention to delist from the New York Stock
Exchange (NYSE) and trade on the over-the-counter (OTC) market.
As a holder of American Depositary Receipts (ADRs), you will continue to retain your
shareholding in Alumina. Alumina intends to maintain its US ADR program as a
“level one” program which will permit Alumina’s current ADR holders and other US
investors to continue holding and trading Alumina ADRs in the US OTC market.
Alumina intends to file a Form 25 with the NYSE on or about 17 February 2014 and the
delisting from the NYSE will be effective prior to the opening of trading, ten days after this
filing. Trading on the OTC market will commence at the opening of trading ten days after
this filing. Alumina’s ordinary shares will continue to be listed and traded on the Australian
Securities Exchange (ASX).
The main purpose of delisting is to reduce administration costs and complexity associated
with the NYSE listing which appear disproportionate to the benefits derived. The delisting
will also focus trading of its ordinary shares on Alumina’s primary market (Australian
Securities Exchange) which accounts for approximately 94% of worldwide trading volume.
Alumina remains committed to its US investor base and will retain high standards of
corporate governance required under the ASX and continue to provide comprehensive and
transparent financial reporting.
In the future, should Alumina meet the criteria for deregistration under the Securities
Exchange Act of 1934, it would plan to undertake such deregistration.
Your shareholding in Alumina will not be affected, nor will you be required to sell your
shares. In the future, if you wish to buy or sell shares you will be able to do so via the OTC
market. The payment process of any dividend will not be impacted by the delisting.
If you have any questions, or would like any further information, please contact
- Violet Pagan, from Bank of New York Mellon on (212)-815-2276 (email:firstname.lastname@example.org); or
- your stockbroker, appropriately authorised financial advisor, solicitor, accountant and/or other professional advisor