Ansell to Terminate Reporting Obligations and Deregister Ordinary Shares under U.S. Securities Exchange Act
June 04 2007 - 2:00PM
Business Wire
Ansell Limited (ASX: ANN) today announced that it intends to file
with the United States Securities and Exchange Commission on June
5, 2007 the documents necessary to voluntarily terminate its
obligation to file periodic reports in the U.S. and to deregister
its ordinary shares under the Exchange Act. The Company�s listing
of its ordinary shares on the Australian Stock Exchange (ASX) will
not be affected by the action being taken under U.S. law. This
voluntary action has been taken due to the high cost of maintaining
the registration of ordinary shares in the U.S. Trading in the
United States accounts for less than 1% of the total volume of
Ansell shares traded worldwide. Ansell prepares accounts in
accordance with the Australian equivalents of the International
Financial Reporting Standards and believes that continuing to incur
the costs associated with preparing US GAAP reports for filing is
no longer warranted. Ansell had previously terminated its American
Depository Receipt program and delisted its ADRs from the NASDAQ
National Market effective June 5, 2006. Ansell will post on its
website www.ansell.com, all information that the Company has made
or is required to make public under Australian law, or has filed or
is required to file with the ASX, or has distributed or is required
to distribute to shareholders, in each case promptly after such
information is required to be made public. Ansell Ltd is a global
leader in healthcare barrier protective products and in 2005
celebrated 100 years in its field. With operations in the Americas,
Europe and Asia, Ansell employs more than 11,000 people worldwide
and holds leading positions in the natural latex and synthetic
polymer glove and condom markets. Ansell operates in three main
business segments: Occupational Healthcare, supplying hand
protection to the industrial market; Professional Healthcare,
supplying surgical and examination gloves to healthcare
professionals; and Consumer Healthcare, supplying sexual health
products and consumer hand protection. Information on Ansell and
its products can be found at http://www.ansell.com.
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