Business Services Industry
SCA Applies for Delisting from the London Stock Exchange
Business Wire, April 29, 2008
STOCKHOLM, Sweden -- Regulatory News:
SCA (NASDAQ:SVCBY) (STO:SCAA) (STO:SCAB) (LSE:SNKB) has decided to apply for delisting of the company's Class B shares from the London Stock Exchange (LSE). The delisting is expected to take place on 29 May 2008.
SCA's Class B shares have been listed on the LSE since 1983. In recent years, trading in the shares on the London Stock Exchange corresponded to less than one (1) per cent of total trading volume in the shares, which does not, in the Company's view, justify the listing.
SCA will apply to the Financial Services Authority for a delisting of its Class B shares from the London Stock Exchange. Delisting and expiration of trade can be effective at the earliest 20 work days after the application.
After the delisting, SCA's Class B shares will continue to be traded on the OMX Nordic Exchange in Stockholm and through an ADR Program in the USA.
SCA is a global consumer goods and paper company that develops and produces personal care products, tissue, packaging solutions, publication papers and solid-wood products. Sales are conducted in some 90 countries. SCA has many well-known brands, including the global brands Tena and Tork. Sales in 2007 amounted to SEK 106 billion (EUR 11.4 billion). SCA has approximately 50,000 employees. More information at www.sca.com
This information was brought to you by Cision http://newsroom.cision.com
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