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TAIPEI - Acer (TW:2353) Incorporated announced Wednesday it will cancel the listing of its global depositary receipts (GDRs) from the London Stock Exchange (LON:LSEG) (LSE), with the delisting to take effect on July 16, 2025.
The Taiwan-based technology company cited a simplification project across multiple jurisdictions and the low trading volume of its GDRs as reasons for the decision. The company’s board approved the delisting on March 13, 2025.
According to the announcement, the last trading day for Acer’s GDRs on the LSE will be July 15, 2025. As of June 13, Acer had 481,445 REG S GDRs and 1,067 RULE 144A GDRs in circulation, representing approximately 2.4 million ordinary shares.
Acer has also notified Citibank, N.A., the depositary for its GDR program, to terminate the Deposit Agreement dated March 27, 2002. The termination will coincide with the delisting date.
Prior to the termination date, GDR holders may cancel their receipts and receive the underlying shares, subject to applicable fees. After termination, the depositary will continue to collect dividends and distributions, sell securities received for deposited securities, and deliver deposited securities in exchange for surrendered GDRs.
The company stated that six months after termination, the depositary may sell any remaining deposited securities and hold the proceeds for the benefit of holders who have not surrendered their GDRs.
The announcement was made through a regulatory news service filing with the London Stock Exchange.
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