International Flavors and Fragrances (IFF) has announced that, following a comprehensive review of the trading volume, costs and administrative requirements related to its listing, it has decided to request the voluntary delisting of its shares from Euronext Paris.
Previously: IFF Named to Dow Jones Sustainability Index
The Board of Euronext has approved this request. IFF shares will be delisted from Euronext Paris on December 18, 2020.
Following the delisting from Euronext Paris, the IFF shares will remain listed on the New York Stock Exchange (NYSE), IFF’s primary listing exchange.
Previously: IFF Releases Q3 2020 Results
A voluntary sales facility procedure on the NYSE will be implemented by IFF for the benefit of its shareholders holding their IFF shares through Euroclear France in accordance with Euronext rules. Accordingly, the Euronext shareholders will have the following options:
- decide not to participate in the voluntary sales facility and keep their IFF shares, which they will be able to trade on Euronext Paris through and including the trading day prior to the delisting date, and thereafter, only on the NYSE; or
- participate in the voluntary sales facility and sell all or part of their IFF shares on the NYSE.
