CIMdata PLM Industry Summary Online Archive
25 September 2008
Financial News
Dassault Systèmes to File Form 25 with SEC Pursuant to Previously Disclosed NASDAQ Voluntary Delisting Plans
Dassault Systèmes (DS) announced its intention to file a Form 25 with the SEC on October 6, 2008.
As announced on July 31, 2008, the Board of Directors of Dassault Systèmes, at its meeting on July 29, 2008, approved the voluntary delisting of its American Depositary Shares (ADS) from NASDAQ and its voluntary deregistration with the U.S. Securities and Exchange Commission (SEC).
As a result, Dassault Systèmes intends to file a Form 25 with the SEC on October 6, 2008, to effect the delisting. The delisting will be effective ten days after this filing. Dassault Systèmes intends to file a Form 15F with the SEC to deregister and terminate its reporting obligations under the Exchange Act as soon as practicable following the effectiveness of the delisting from NASDAQ. The deregistration will become effective 90 days after the filing of the Form 15F. As a reminder, most of Dassault Systèmes’ international and domestic investors currently trade Dassault Systèmes’ shares on Euronext Paris.
Dassault Systèmes intends to maintain its American Depository Receipt (ADR) program, which will enable investors to retain their ADRs and facilitate trading on the U.S. Over-The-Counter (OTC) market.
Dassault Systèmes will continue to publish its quarterly, half-year and annual results in IFRS in French and in English, as well as other information for investors on its website (http://www.3ds.com) pursuant to applicable rules regarding financial communication. For convenience, DS will publish non-audited financial results in US GAAP for the third and fourth quarters of 2008.
Following the delisting of Dassault Systèmes’ ADS and deregistration, Dassault Systèmes’ shares will remain listed on Euronext Paris.
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