News Corporation News Corporation Press Release (8523F)
May 30 2013 - 1:00AM
UK Regulatory
TIDMNCRA
RNS Number : 8523F
News Corporation
29 May 2013
News Corporation
N E W S R E L E A S E
FOR IMMEDIATE RELEASE
Investor Relations Contact:
Reed Nolte
1-212-852-7092
rnolte@newscorp.com
Press Contact:
Miranda Higham
020-7782-6462
mhigham@newscorp.com
News Corporation TO CANCEL STANDARD LISTING ON
LONDON STOCK EXCHANGE
London - May 30, 2013 - News Corporation (NASDAQ: NWS, NWSA;
ASX: NWS, NWSLV) (the "Company") today announced that it intends to
cancel the listing on the Official List and admission to trading on
the London Stock Exchange (the "LSE") of its Class A Non-Voting
Common Stock and Class B Voting Common Stock (together, the "Common
Stock") following a determination that the Company's Common Stock
traded on the LSE represent less than 1% of the total trading
volume of the Company's Common Stock globally. The effective date
of the de-listing is intended to coincide with the Company's
previously-announced intention to separate its businesses into two
independent, publicly-traded companies (the "Separation") on June
28, 2013.
Following the proposed Separation, the Company, which will
retain its global media and entertainment businesses and is
expected to be renamed 21st Century Fox, will continue to list its
Class A Common Stock and Class B Common Stock on the NASDAQ Global
Select Market ("NASDAQ") and its CHESS Depositary Interests
("CDIs") representing the Class A Common Stock and Class B Common
Stock of 21st Century Fox on the Australian Securities Exchange
(the "ASX"). The Company has reserved the stock symbols "FOXA" and
"FOX" for its Class A Common Stock and Class B Common Stock,
respectively, on NASDAQ and the symbols "FOXLV" and "FOX,"
respectively, on the ASX.
The new News Corporation, the new public company which will hold
the Company's newspapers, information services and integrated
marketing services, digital real estate services, book publishing,
digital education and sports programming and pay-TV distribution in
Australia, intends to apply to have both its Class A Common Stock
and Class B Common Stock authorized for listing on NASDAQ, under
the symbols "NWSA" and "NWS," respectively, and to have CDIs
representing its Class A Common Stock and Class B Common Stock
listed and traded on ASX, initially under temporary trading
symbols, and then under the symbols "NWSLV" and "NWS,"
respectively.
About News Corporation
News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) had total
assets as of March 31, 2013 of approximately US$68 billion and
total annual revenues of approximately US$35 billion. News
Corporation is a diversified global media company with operations
in six industry segments: cable network programming; filmed
entertainment; television; direct broadcast satellite television;
publishing; and other. The activities of News Corporation are
conducted principally in the United States, Continental Europe, the
United Kingdom, Australia, Asia and Latin America.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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